5 Reasons Design-Build Contractors Need Contractors Professional Liability Insurance
Posted: August 13, 2020
Design-build contractors typically subcontract the design of a project to a 3rd party A/E firm. Many do so with the misconception that the A/E firm’s professional liability will fully protect them in the event of a claim arising out of their professional services. Here are 5 reasons why they can’t and need to obtain their own Contractors Professional Liability (CPL) coverage. Professional liability policies are...
Why Business Income Losses Associated with Coronavirus Are Largely Uninsured
Posted: March 9, 2020
Even before the recent news of the first confirmed cases of COVID-19 (coronavirus) here in Montgomery County, MD, local businesses both large and small had already felt, in one way or another, the virus’s impact. As an insurance agent specializing in small to mid-sized business property & casualty coverages, I’m fielding more and more questions from concerned clients wondering how their insurance policies may respond...