Design Professionals' Professional Liability Insurance: What it Covers, How it Works and Why it Matters Webinar

ORIGINALLY PRESENTED DECEMBER 5, 2013

Course Presenters: Karen Erger, Vice President, Director of Practice Management, Lockton

Course Length:  1.5 Hours 

Course Credit Hours: 1.5 PDHs, 1.5 AIA LUs/HSW

Course Overview:

Sign up for this webinar to gain a comprehensive understanding of the basics of professional liability insurance for design professionals!

This webinar is not only for design professionals who want to maximize coverage under their own professional liability insurance policies, but also for all participants in the design and construction process that contract for or provide professional design services.

Participants will become familiar with the coverage typically afforded by design professionals’ professional liability insurance, as well as key exclusions that limit coverage. We’ll discuss the “claims-made” nature of the professional liability policy and its ramifications for claims reporting under the policy. Emphasis will be given to common misconceptions about professional liability insurance, using real-world examples and claims as illustrations. Our goal will be to make participants better able to make effective use of their own policies and also to assist them in drafting contracts with attainable, appropriate requirements for design professionals’ professional liability insurance.

Keywords: Professional Liability Insurance, insurance policy, design professionals, contract insurance, design insurance