FAQ_category: (HIDDEN) Industry FAQs

Yes! Professional liability is essential: 

• It provides legal protection when design decisions, specifications, or project advice lead to financial losses for clients. 

• Because architectural decisions carry real-world consequences, both client contracts and licensing bodies often require this coverage 

Architects should consider the following core protections based on the scale and nature of their practice: 

• Professional Liability Insurance (Errors & Omissions): Safeguards against claims of negligence, design errors, or construction delays. 

• General Liability Insurance: Covers bodily injury or property damage that might occur during meetings or site visits. 

• Commercial Property or Business Owner’s Policy (BOP): Protects your office, equipment, and may include business interruption in one bundled policy  

• Commercial Auto Insurance: Essential if you or your staff drive for site visits or deliver documents. 

• Workers’ Compensation: Required if you hire employees, covering job-related injuries. 

These policies together form a safety net for professionals navigating both design risks and everyday operations. 

On average, real estate agents pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Not always—but tailored coverage helps: 

• General liability does not automatically include injuries or property damage during showings unless you have a showing-specific or “open house” endorsement (also called contingent liability coverage). 

• Without it, you may personally bear the cost if a visitor is hurt or property is damaged at a showing—even if you weren’t negligent. 

• E&O insurance may cover errors related to transaction advice—but not physical injury during an open house. 

Yes! Often by regulation or contract: 

• Many state licensing authorities require Errors & Omissions coverage as part of licensure. 

• Brokerages and agencies often require individual E&O and liability proof before agents can operate under their umbrella. 

• Open houses and third-party access make general liability important, even if there’s no legal mandate.