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Professional Liability Claim Examples in the Engineering World
The intricate engineering world, where designs and structures shape our daily lives, is not free from potential pitfalls. Errors, while often unintended, can result in significant liabilities. Engineering Liability Claims offer insights into professionals' real-world...
The Difference Between General and Professional Liability for Engineering Firms
Navigating the insurance world can be a maze, especially when determining the appropriate coverage for specific risks that engineering firms face. One common point of confusion is understanding the difference between General and Professional Liability. Both are...
Mistakes Happen: How Professional Liability Protects Engineering Firms from Unforeseen Errors
Engineering projects are a blend of precision, innovation, and expertise. Yet, like in any profession, mistakes can happen. Even the most meticulously planned projects can encounter unforeseen errors. When these mistakes result in financial or reputational damage,...
Understanding Professional Liability Insurance for Engineers
The Essential Shield: Professional Liability Insurance for Engineers In the precision-driven world of engineering, where the slightest miscalculation can lead to significant repercussions, securing robust Professional Liability Insurance is not just advisable; it's...
2023 Best Practices Award
Risk Specialty Group captures 4th Best Practices Agency Award
A Complete Guide to Architect Professional Liability Insurance
Are you one of the 126,700 architects practicing in the United States? If so, the importance of having architect professional liability insurance cannot be overstated. Without it, you could be left exposed to lawsuits that could be catastrophic for your practice....
What You Need to Know About Professional Liability Insurance in 2022
Have you ever dealt with a client who seemed friendly enough at first but then turned on you at the last minute? Maybe they claimed you cut corners or made a mistake. Or perhaps your work only caused more trouble for them. In most cases, your company is never to...
Risk Specialty Group awarded Best Practices Agency for Third Year
Risk Specialty Group Has Retained Its Best Practices Agency Status For 2020
Risk Specialty Group chosen as Best Practices Agency
HOUSTON, TX, September 18th, 2019 – The Risk Specialty Group, LLC has been selected to be part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big...
How do I insure my Drone?
Q: I use my Drone for my business, is it insured under my current General Liability Policy or do I need to purchase a separate Drone Liability Policy? A: Your General Liability coverage usually includes an exclusion that prohibits aviation coverage. In many cases,...
Should I sign a Letter of Reliance?
Q: My client mentioned that their lender will request to have a separate agreement signed, in addition to my professional services contract. Is this typical, or does this signal additional risk? A: Your client’s lender is not generally the intended recipient of your...
What type of information is not considered confidential/proprietary?
Q: When the contract requires protection of confidential/proprietary information, what information may not fall into that category? A: Keeping in mind that this is not an all-inclusive list, following are some examples of information that may not be truly...