22 Jan No Comments admin Uncategorized

Being an architect doesn’t necessarily mean that you spend all your time designing homes or buildings.Architects also provide consultation to clients with regards tothe way they should design their house.

They also provide advice and blue prints to general contractors. And, risks are inevitable.

It is crucial that as an architect, you get insured. There are several insurance policies that cover the occupation, but the one that gets looked over is professionalliability insurance and professional indemnity insurance.

Why is Professional Liability Insurance Important?

If you operate a business that provides consultation services, you run the risk of landing yourself into hot water. This is because if one of your employees provides advice to a client that results in financial loss for them, you as the business owner, will be held responsible.

This will land you into legal trouble. Managing everyday business operations will be difficult if you’re financially drained.

Professional liability insurance covers damages caused to your clients via your business.
Similarly, if the structure of the building collapses and causes financial loss to the client, you can be sued for working with cheap materials.

Professional liability, also known as professional indemnity, is also useful in case your client sues you for negligence.

What Does Professional Liability Insurance Cover?

Professional liability insurance policies depend on what your insurance provider is willing to provide you with. It is important to make sure that you discuss the contract and policies with your provider before purchasing it.

Needless to say, you need to negotiate and make sure you get the full coverage you need. Generally, professional liability insurance provides:

  1. Protection Against Libel and Defamation:If your client sues you for negative marketing that has damaged their brand image, PLI can cover the legal fee and reimbursement costs.
  2. Loss of Data:If your employee misplacesan important document that the client has provided, you don’t need to worry about the legal costs.
  3. Negligence:If your business has, in any way, caused financial loss to the client through negligence, professional liability insurance covers the costs for legal proceedings and pays for financial damages to the client.
  4. Loss of Goods:If one of your employees has misplaced important goods or stocks that belong to the client, you don’t have to worry about damages. Professional liability insurance provides full coverage.


If you’re looking for free insurance quotes or professional liability insurance, contact us or call 1-800-365-467.