Qualities to Look For In a Broker for Architectural and Engineering Insurance
An insurance broker finds insurance contracts for his or her clients, helping to find and choose the best policy and price. Some brokers also provide additional services including helping with employee enrollment and resolving issues with benefits.
Insurance providers typically will only communicate with policyholders through brokers. This means the broker must take on the roll of negotiator between the client and the insurance company. A good broker knows his clients’ needs well and is dependable, since their job is to look out for the best interest of their clients.
It is important to find a broker who specializes in Architect and Engineers liabilities. With experience in these plans, he will be able to find a policy that best fits your design firm’s needs. He may also offer Risk Management Review and Risk Exposure seminars to teach his clients ways to lower the cost of insurance coverage.
In order for both parties to benefit most, it is common and important for brokers and clients to develop long-lasting business relationships. Remember to maintain a strong relationship with your Professional Liability Insurance Brokerage or start one if you haven’t already. It is a decision as an engineering or architecture professional you will never regret, for it can be the foundation of your firm’s success.