Chapter 3: Special Insurance Considerations for Freelance Architects, Engineers, and Designers
Part 1: Common Limitations of Insurance Policies for Architects and Engineers
Standard insurance policies can't address every single one of your exposures. This is especially true in the design industry, where self-employed professionals work on a variety of different creative projects that don't always follow traditional corporate structures.
Riders or endorsements help you customize your insurance policies to your business's specific risks.
Generally speaking, you can choose a standard insurance policy's deductibles and limits, but that's about it. If you really want a tailored plan, you'll need to add "riders" (aka "endorsements") to your standard policies. Think of riders as "mini" specialized insurance coverages. Because they offer very specific protection, they are usually pretty inexpensive.
In this section we review a few types of endorsements that may come in handy when building your architecture, engineering, or design business's protection plan.
NEXT: Additional Insured Endorsements for Design Professionals Collaborating with Other Professionals