Business Insurance Now Offers Affordable Insurance for Architects

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Business Insurance Now gives small architecture firms and solo architects a single source for business and personal insurance coverage.

Affordable Architects Liability Insurance from Business Insurance Now

Architecture is a field that's fraught with liability

Business Insurance Now has a new offering just for independent architects, draftsmen and small architecture firms: insurance policies specifically crafted to meet their needs, at affordable rates. This leading web-based insurance company now offers the two most commonly required types of coverage -- professional liability and general liability insurance - from highly rated insurance carriers who specialize in working with architects.

"Because so many small architecture firms came to us seeking professional liability and general liability coverage, it just made sense for us to seek out the best insurance providers for this field so that we could provide these customers with the affordable architect liability insurance that they need," says Jim Cochran, president of Business Insurance Now.

In many cases, independent architects and small architecture firms are required by their client contracts to carry specific types of insurance coverage, especially professional liability insurance, also known as errors and omissions coverage. Professional liability insurance is designed to reduce architects' liability, protecting them against lawsuits related to errors and omissions in their work. In many cases, architects are contractually required to maintain professional liability insurance coverage not only while working on a project, but for years after, when potential problems might arise.

"Architecture is a field that's fraught with liability," Cochran says. "In any complex project, there's always a risk of something going wrong, and even a small mistake can turn into a big problem during construction or even later. A lot of small architecture firms are at great financial risk without architect liability insurance, since the high cost of defending themselves against a lawsuit or paying restitution can put them out of business. We work with both unlicensed and licensed design professionals to get them the coverage they need, and are eager to work with the smaller, lower-earning firms that many larger agencies and carriers might turn away."

Many clients also require architects to carry general liability coverage for claims of bodily injury or property damage. Such policies give architects liability protection by covering court costs and the cost of a legal defense, as well as medical costs for anyone who might be injured on the architect's property or in the course of doing business. They can also include property coverage for the architect's business property, including theft, and business interruption due to a disaster, such as a fire. Architects can also purchase umbrella coverage, which provides up to $10 million in additional general liability protection.

Through Business Insurance Now, architects now have a single, affordable source for both professional liability and general liability insurance, as well as many other types of small business insurance policies they may need, such as workers' compensation insurance, non-owned auto liability insurance, and employment practices liability insurance. Business Insurance Now also offers professional insurance policies designed for related professions, such as civil engineering. And for customers seeking affordable personal insurance coverage, homeowner's and auto insurance policies are also available.

With Business Insurance Now, time-pressed architects can often apply for and start their insurance coverage in the same day. Business Insurance Now will do the comparison shopping on their behalf, sourcing the best coverage from leading carriers at rates that will save architects money. To learn more or to obtain a free, no-obligation quote, architects can visit http://www.businessinsurancenow.com/Architects.aspx.

About Business Insurance Now

Business Insurance Now is a Web-based e-agent that offers office and professional groups fast, easy, one-stop shopping for all their property and liability insurance needs. Business Insurance Now offers free, no-obligation quotes and the option to implement coverage immediately. For more information, please visit http://www.businessinsurancenow.com.

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Jim Cochran
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