Errors and omissions insurance is one of the most important policies for such professional firms as architects, engineers, and surveyors. When choosing an agency for Carmel professional liability insurance, be sure to select one which superiorly serves your firm’s needs, and works efficiently to minimize loss and mitigate risk.
For the professional field relating to design, contracting, and construction, one of the primary coverage needs is for protection against financial loss due to lawsuits from clients claiming a failure of delivery. Unfortunately, such lawsuits are steadily increasing due to higher expectations to meet new standards for innovation, sustainability, and administrative regulation. Carmel professional liability insurance may also protect against the following:
- ADA, FFHA, and OSHA fines,
- Pollution damage,
- Professional negligence or dishonesty,
- Structural defects,
- Loss on behalf of a joint-venture partner or a predecessor firm,
- Property damage, and/or
- Personal injury.
Another important part of E&O is to mitigate risk such that the reputation of your firm maintains the status you have worked so hard to achieve. Some insurance agencies include this process in their packages, to assist you in such tasks as hosting a program to prevent loss, controlling legal claims, securing positive client contract reviews, and initiating project insurance.
Carmel professional liability insurance is your firm’s key to successful and confident operations in all of your architectural, engineering, and surveying projects.