The most common question Hall & Company receives from architects, engineers, land surveyors and design professionals that are considering starting their own practice is “How much will my professional liability insurance, aka errors and omissions insurance cost?” In 2010 Hall & Company wrote 315 architectural firms that employed one person. These firms were located in 42 states and were placed with 10 different professional liability insurance companies.
The errors and omissions insurance coverage costs vary by:
- State in which the practice is located,
- The limits of coverage purchased,
- Project types being designed, and
- The experience loss history of the Architect, Engineer, Land Surveyor and Design Professional applying for coverage.
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