Determining your Premium with the Experience Rating Factor
Follow the simple illustration of how premium is calculated with the experience Rating Factor.
FAQs for the Experience Rating Factor
Read the handy FAQ on the Experience Rating Factor which will be introduced effective April 1, 2025, upon renewal.
Rewarding architects with low loss ratios and sound risk management.
The premium calculation model is being update to reflect an architectural practice’s claims experience.
How is Premium Calculated?
The formula is very simple and applied equitably across all architectural practices.
Professional Liability Insurance of Former Lic.Tech.OAA Certificate of Practice Policyholders
Pro-Demnity is proactively and confidentially contacting former Lic.Tech.OAA Certificate of Practice policyholders to provide relevant information regarding the impact to their professional liability insurance coverage, further to the outcome of […]
Rates, Inflation and Premiums
Over these last many years, Pro-Demnity has consistently shared that the costs it faces continue to climb. Several trends over the last 10 years have increased architects’ exposure over longer […]