If a client claims that plans you provided were incomplete or inaccurate, you could face a lawsuit. Architect insurance protects your business with policies addressing client dissatisfaction and other risks.
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These policies provide coverage for the most common risks in architecture.
This policy covers basic architect risks, such as customer property damage and injuries. Bundle with property insurance for savings in a business owner’s policy.
This policy bundles property insurance and general liability insurance in one plan. A BOP is often one of the most cost-effective commercial insurance policies for an architect.
This policy, also called errors and omissions insurance, is important for design professionals like architects. It can cover legal fees related to work performance.
Workers’ compensation insurance is required in almost every state for businesses that have employees. It can cover medical costs for work-related injuries.
Several factors will have an impact on insurance costs, including:
Designing or renovating a building poses significant challenges and risks for your architectural firm. If something goes wrong, or a client accuses you of causing project delays, it can leave your business vulnerable to lawsuits. Insurance for architects provides legal and financial protections for your firm.