Business Insurance Requirements for Georgia Architects

From Greek Revival gems like the Massie Heritage Center in Savannah to the Victorian-style Springer Opera House in Columbus, Georgia is a center for architectural inspiration. And considering Georgia is often recognized as one of the best places to start a business in the country, it’s little wonder that the state is home to more than 2,000 architects.

Even the most talented architects need business insurance to thrive. Georgia law requires architects to carry workers’ compensation if they have three or more employees. Most clients will require proof of professional liability insurance to address oversights in your work. If you lease commercial office space for your firm, your landlord will often require general liability insurance in case visitors are injured on the premises. If you drive to work sites and client meetings in a business-owned vehicle or your personal car or truck, you may need commercial auto insurance to protect you on the road.

Insureon makes shopping for insurance easy with industry-leading technology that gathers quotes from top U.S. carriers that fit your needs. Read on to learn more about the common types of architect insurance and their costs. Or you can simply start an application to get your free quotes today.

Find the right insurance policy for your architecture firm

The most common architect insurance policies in Georgia depend on a variety of factors, including number of employees, revenue, client contracts, and partnerships. The table below illustrates which policies might work best for your business structure.

 

Business type General liability / BOP Professional liability Workers' comp Commercial auto
Sole proprietor X X   X
Partner X X   X
Contractor / freelancer X X   X
Employer X X X X

 

General liability insurance: General liability insurance is the foundation of an architect’s business protection. Coverage extends to bodily injury, client property damage, advertising injury, and the cost of legal defense. Most commercial leases require you to have this coverage.

Professional liability insurance: Many clients require proof of professional liability insurance before entering contracts for professional services. This policy, also called errors and omissions insurance or architect liability insurance, can help cover legal expenses if you’re sued for unsatisfactory work or a business discrepancy. If you work in a partnership with another architect or firm, make sure that your professional liability policy provides joint venture coverage. It can make sure each member is protected if the venture is sued.

Business owner's policy (BOP): Architects usually qualify for a business owner’s policy. This package helps your business save money by bundling commercial property insurance with general liability at an affordable rate.

Commercial auto insurance: Commercial auto insurance can cover vehicles your business owns or uses for business purposes. If your vehicle is involved in an accident, this policy can cover your liability for the other person's bodily injuries and property damage. It can also pay to repair your car when it is damaged by theft, weather events, or vandalism.  

Georgia workers' compensation insurance: Georgia law requires all businesses that regularly employ three or more employees to carry workers’ compensation. If your architecture firm doesn’t have employees, you may choose whether to purchase coverage for yourself. This policy can help pay for medical expenses and lost wages associated with occupational injuries.

Although work injuries are typically infrequent for architects, accidents do happen, especially on work sites. According to the Bureau of Labor Statistics, architects most often experience overexertion; falls, slip, and trips; and contact with objects or equipment.

Most Common Workplace Injuries: Architects in the U.S.

Business insurance costs for architects in Georgia

The cost of architect insurance in Georgia, according to an analysis of Insureon applications, is higher than the national median.

Georgia architects may pay $3,874 a year (about $322 per month) for professional liability insurance, while the national median is $3,205 (about $267 per month). The cost of workers’ compensation for Georgia architects is also higher than the national median: $1,197 versus $558.

Georgia’s workers’ comp law may help explain that price difference. The more employees your policy covers, the more you can expect to pay for coverage. Most Georgia architects have this policy when they have three employees to cover. Architects in other parts of the country may carry this policy when they have fewer employees.

Median Insurance Costs for Georgia Architects

Save time and money with Insureon

Insureon’s industry-leading technology helps architects in Georgia save time and money shopping for insurance by comparing policies from dozens of top U.S. carriers. Apply online and review quotes for the policies that best fit your business needs. Our insurance specialists are licensed in Georgia and can answer your questions as you consider coverage.

To make the application go even quicker, have this information ready:

  • Workforce details, such as the number and types of employees.
  • Current and projected revenue.
  • Business partnerships.
  • Insurance history and prior claims.
  • Commercial lease insurance requirements.

Apply for free architect insurance quotes today.