X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Architecture & engineering is an $11 billion industry, yet the majority of A&E firms (approximately 87 percent) generate $1.5 million or less in annual revenue. As a record number of closures and layoffs are announced at large firms nationwide, many professional architects and engineers are forming small consultancies or pursuing work as independent consultants. As the number of firms with this small business model has increased, new risks have emerged particular to the field. Architects and engineers often encounter unexpected problems that can lead to major expenses for clients and possible lawsuits–even if the problem occurred at no fault of their own.

As a response to the unique risks these firms face, a specialized insurance program is recommended. Professional liability programs specifically designed for smaller A&E firms can protect beyond a basic errors & omissions policy, and offer customized solutions for this unique segment of the industry.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.