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BASIC
Essential coverages to meet client demands
Includes:
STANDARD
Protect your business against professional errors
All Basic plan benefits and:
PRO
When you also have equipment or work from an office
All Standard plan benefits and:
CUSTOM
When you have specific requirements
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Architects are known for their vision. Your ability to design buildings and bring them to life is a true gift that clients rely on. As an architect, you also hold the weight of every project on your shoulders, because one missed step or overlooked building code can be devastating. Insurance for your architecture business is a smart decision and can help maintain your reputation, financial resources, and future projects.
Architects face many risks on every project including:
Every carrier has a different risk appetite and some avoid your industry altogether. The majority will want to know your safety procedures, what types of contracts you use, and your experience. The cost can range from $2,000 - $10,000 per year for a million dollar professional liability policy.
Design and Build is when architects and engineers are hired to perform both design and construction under a single contract. The type of risk management handles both the design and build process when the architect is contracted under this method. As a part of an architect's design and build insurance coverage, the whole process is protected.
First, educate your client about the potential risks. Manage your client's expectations. If deadlines can't be met or there will be some project changes be sure to inform your project manager. Make sure to document the project process. This ensures that you have solid proof when the need to defend yourself against your client arises.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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