GET THE COVERAGE THAT MEETS THE NEEDS OF YOUR FIRM
Engineering firms consist of professionals with specialized skill and knowledge providing services to a wide variety of industries. The threat of claims alleging negligence in performance of those services is a significant business risk for any ACEC member firm. Not only do such claims put the firm's reputation at risk, but the cost to defend and resolve even frivolous claims can be substantial.
Professional liability insurance protects engineering firms from the financial impact of this risk. Coverage is available for typical services, such as engineering and surveying, but also many non-traditional services as well. It takes a knowledgeable broker such as Greyling to match the firm's particular risks with the carrier best able to cost-effectively cover those risks with appropriate limits. Getting this balance wrong could significantly impact profitability and the long-term viability of a business.
Since professional liability insurance is highly specific to the needs of an individual firm, the ACEC BIT does not sponsor or endorse any one insurance company that provides this coverage. Instead, Greyling individually brokers professional liability coverage for each engineering firm in the BIT Program. As a result, the insurance placement experts at Greyling solicit professional liability options in order to provide an optimal balance of coverage terms, insurance limits, deductibles, premium, and risk management offerings. Greying has access to dozens of leading insurers.