The last decade in architects & engineers insurance has been highly competitive, but escalating challenges are leading to a hardening of the market in the large account space, which may eventually trickle down.
Independent agent Stefanie Fuller says technology is one big challenge in the architects & engineers insurance industry. “As design firms continue to evolve, it can be difficult to find insurance solutions to address their needs,” Fuller says.
With a $5-million aggregate limit in place, most agencies believe they are unlikely to be overcome by a series of small, unrelated claims in a single policy period. There is some truth to that but some peril, as well.
Cannabidiol (CBD) sales in the U.S. will surpass $20 billion by 2024. The biggest emerging trend in product liability insurance, the CBD market has unique challenges.
Insurers have had their work cut out for them over the past couple of years, especially liability insurers. Recent developments are steering a significant shift to a hard product liability market.
Berkley Design Professional’s innovative approach to professional liability insurance addresses the current business litigation climate and provides a solution for both design firms and owners or developers.
Small business owners are facing a variety of new and challenging exposures, which are shifting the makeup of professional liability risk and changing the way business owners must approach risk management.
In the professional liability insurance industry, independent agent Kaitlin Kelly says that it’s valuable to spend time with and learn alongside the professionals you protect.
If your agency needs to use an interpreter to communicate with a customer, do you know what you need to document about the exchange?
The employment practices liability insurance market is dealing with one major exposure change: fallout from the #MeToo movement. Learn how both insurers and employers are evolving to manage risk through new techniques.
