For the past 30 years, the Klein Agency has been successful in providing defense costs outside the limits of liability for most of our civil/surveying clients. Below is an real life example of how this coverage protected one of our clients from having to pay in excess of $200,000 after an insured claim.
Imagine if contracts and insurance policies were not written by lawyers, we might not be able to use wonderful words like subrogation. This legalese term can be defined as the substitution of one person for another to fight for a right or claim. When looking at subrogation in context of an insurance policy, it states that your carrier has the right to recover any damages that were paid to you, but were the fault of another party.
The Professional Liability coverage form for design professionals has several distinct coverage options that are not typical on a General Liability policy. One of the most misunderstood options is First Dollar Defense deductible.