Ultimately, the services your insurance broker is capable of delivering determines their value in protecting your firm’s assets. As your broker, we are responsible for and provide services in the following areas:

  • Develop a firm practice profile to identify exposures of various operations/entities.
  • Selection of appropriate coverage forms.
  • Coordination of component forms to satisfy overall liability needs.
  • Provide information on market conditions and substantive issues that may affect the firm.
  • Discuss all insurance facilities available to design professionals.
  • Identify insurance requirements in your contracts for design services and communicate compliance on your behalf.
  • Provide Certificates of Insurance or other confirmation of coverage to appropriate parties.
  • Review your contracts for liability implications and identify areas of potential problems.
  • Arrange Premium Financing Plans to facilitate cash flow.
  • Coordinate Loss Prevention and Quality Assurance activities. This service may include a full day in-house seminar conducted by the Program Administrator’s attorney.
  • Publish and distribute a/e Practice Notes, a quarterly series of Risk Management articles.
  • Facilitate your use of the contract review service provided by the Program Administrator’s attorney in concert with your personal attorney.
  • Coordinate claim identification, claim reporting, and monitoring of status through resolution.
  • Investigate the potential use of Project Insurance on specific projects and assist the A/E in communicating the costs and benefits to the owner.
  • Identify the “unit” cost of professional liability coverage and suggest methods for cost transfer to clients.
  • Monitor and communicate coverage and rate trends for budgetary consideration prior to renewals.
  • Provide an information resource for all liability related matters.
  • Consider the merit of pursuing non-traditional risk transfer alternatives including Self-Insured Retention Premium Stabilization Plan, Risk Retention Groups, Association Captive Insurance Companies, etc.
  • Access viable facilities to satisfy coverage requirements.
  • Submit Underwriting data to obtain quotations.
  • Qualify Annual Billings and categorize Gross Billings components for various rate treatment. Identify a “Ratable” Billings Factor.
  • Tailor “boilerplate” policy provisions to comply with the specific needs of the A/E firm.
  • Negotiate favorable terms, conditions and pricing through effective communications with underwriters.
  • Present quotations, alternatives and offer recommendations.
  • Selection of appropriate Limits and Deductibles.
  • Effect coverage via Binders and attachment dates.
  • Review policies for continuity with previous forms and Binder requirements.
  • Deliver and review policies with client. Fully explain policy terms, conditions, exclusions and endorsements.