How do you know when it’s time to increase your liability limits? There’s no hard and fast rule, but any one of these reasons might apply to your architectural practice:
- Your firm is growing and you’ve increased the number of projects being undertaken.
- Your firm is increasingly bidding on projects whose gross value exceeds your mandatory practice insurance limits.
- Your firm is stretching creatively to pursue design projects beyond your current expertise and knowledge.
You may be eligible for additional coverage above the $1 million per claim level up to $40 million in aggregate, when approved by Pro-Demnity. In addition, consolidating your firm’s excess coverage with Pro-Demnity means seamless, efficient and professional claims handling that will save you aggravation, time and money in the event of a claim.