What Are the Best Insurance Companies for Architecture Firms?

CHECK OUR PRICES

Architecture firms face a unique set of risks, from property damage to lawsuits stemming from faulty designs. As a result, it is important to choose an insurance company that understands the specific needs of your business.

The best insurance companies for architecture firms are those that offer comprehensive coverage, including property insurance, professional liability insurance, and workers' compensation insurance. Reliable insurance companies for architecture firms are also those that have experience working with businesses in the architecture industry. That way, they can provide tailored advice and support.

Based on our research and reviews from policyholders, we complied with all the best insurance companies for architecture firms. From there, we selected the three best companies based on their financial stability, coverage options, and customer service.

Recommended Policy Types for Architecture Firms and What They Cover

Type of Insurance	What It Covers
Property insurance	Protects your architecture firm's physical property, including the office space, equipment, and supplies. It can help cover the cost of repairs or replacement if this property is damaged by a covered event, such as a fire or theft.
Professional liability insurance (Also known as errors and omissions insurance)	This type of insurance can help protect your firm from financial damages if you are accused of making a mistake in your professional work, such as an error in the design of a building.
Workers' compensation insurance	covers the medical expenses and lost wages of injured employees working for your firm. It can also help cover the cost of any legal fees if an employee sues your business.
Business interruption insurance	This type of insurance can help cover the cost of lost income if your business is forced to close temporarily due to a covered event, such as a fire.
Cyber insurance	Protects your business vehicles from damage or theft.
Product liability insurance	This type of insurance can help protect your firm from financial damages if one of your products causes injury or property damage.
Commercial auto insurance	Covers the cost of damage to vehicles used for business purposes, such as delivery trucks or company cars. It can also help cover the cost of any injuries that occur in an accident involving a business-owned vehicle.

Best Insurance Companies for Architecture Firms

Here are some of the top companies providing insurance to architecture firms.

#1 The Hartford

★★★★★ - Elemental Risk Rating

The Hartford is one of the leading insurance companies for architecture firms. They offer a wide range of coverage options, including property, professional liability, workers' compensation, and business interruption insurance.

Since its inception in 1810, The Hartford has a long history of working with businesses in the architecture industry. They offer tailored advice and support to help architecture firms manage their unique risks.

The Hartford is also known for its excellent financial stability and customer service. Policyholders give The Hartford high marks for its claims process, payment options, and overall satisfaction.

#2 Travelers Insurance

★★★★ - Elemental Risk Rating

Many architectural records have named Travelers Insurance "the best insurer for architects." The company offers comprehensive coverage, including property, professional liability, workers' compensation, and commercial auto insurance. You can customize your policy to fit the specific needs of your architecture firm.

Travelers has over 160 years of experience working with businesses, including those in the architecture industry. Their team of experts can provide tailored advice and support to help you manage your risks.

Travelers is also known for its excellent financial stability and customer service. Business owners and individuals have consistently rated Travelers as one of the best insurance companies for customer satisfaction.

#3 Liberty Mutual Insurance

★★★★ - Elemental Risk Rating

Liberty Mutual Insurance is another excellent option for architects. The company offers a wide range of coverage options, including general liability insurance, professional liability insurance, workers' compensation insurance, and commercial auto insurance. For a more custom approach, you can also build your own policy by selecting the coverage options that best fit your firm's needs.

Liberty Mutual has over 100 years of experience. In terms of financial stability, Liberty Mutual is consistently ranked highly by third-party rating agencies such as A.M. Best and Standard & Poor's. The company offers a variety of discounts and features that make it an attractive option for many consumers, including those in the architecture industry.

They also offer a loyalty discount for customers who have been with the company consistently.

Wrapping Up – Which Insurance Company is Best for Your Architecture Firm?

We hope this list of the best insurance companies for architecture firms has been helpful. These are just a few of the many excellent available options. When choosing an insurer, it's important to compare policies and quotes from several companies to find the one that best meets your needs.