ASCE Member Insurance Blog

Know Your Limits — The Consequences of Being Underinsured

Posted on 6/9/2016 by ASCE Insurance in Claims Liability Coverage

Most professionals, including engineers, understand that claims are one of the inevitable costs of doing business. Engineers buy professional liability insurance to ensure that the cost of defense, settlement, and/or liability associated with a claim will not fall predominately on their shoulders.

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Getting to Know Your Retroactive Date

Posted on 12/17/2015 by ASCE Insurance in Claims Reporting Coverage Requirements Lapse

There are typically two initial timing requirements that must be met in order for there to be a potential for coverage under your professional liability (PL) insurance policy.1 The first requirement is that the claim must be first made (i.e., received by the insured) during the coverage period.

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How to Avoid Uncovered Exposure

Posted on 10/15/2015 by ASCE Insurance in Claims Liability Coverage Policy Information

Almost all professional liability (PL) insurance policies are written on a claims-made basis. It is important to understand the claims-made nature of your PL policy, as it is a fundamental aspect of your insurance coverage.

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When Drones Hit The Sky

Posted on 8/14/2015 by ASCE Insurance in Liability Drones Coverage

The market for drones, or unmanned aircraft systems, has ballooned into a 2.5 billion dollar industry, and is growing 15% to 20% annually.1 Engineers have found that drones can play a vital role in their work.

By Giovanny Avendaño, Esq.

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