ACEC BIT

The ACEC Business Insurance Trust (ACEC BIT) oversees an exclusive business and professional liability insurance program designed for ACEC member firms. Working with a dedicated carrier, the Trust delivers tailored coverage that addresses the unique risk profile of engineering practices, including professional liability, automobile liability and physical damage, workers’ compensation, and package coverage for property and general liability. Participating firms benefit from ACEC-specific policy terms and conditions, such as protection for buildings, business personal property, money and securities, equipment breakdown, cyber security, computers, media, and even drones, all structured to reflect how design firms actually operate. By aggregating the buying power of ACEC members, ACEC BIT is able to offer competitive pricing, broad coverage, and specialized risk management services that are difficult for individual firms to obtain on their own. The Trust is guided by engineering firm leaders who understand practice management and who work to ensure that coverage evolves with emerging technologies, project delivery methods, and contractual risk requirements.