# C.R.S. § 12-120-410: 12-120-410. Professional liability - insurance

> Colorado · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-410

## Section

- **Citation:** C.R.S. § 12-120-410
- **Heading:** 12-120-410. Professional liability - insurance
- **Jurisdiction:** Colorado
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** CO Code / Title 12 / Article 120 / Part 4 / Section 12-120-410

## Text

12-120-410. Professional liability - insurance. (1) The shareholders, members, or partners of an entity that practices architecture are liable for the acts, errors, and omissions of the employees, members, and partners of the entity except when the entity maintains a qualifying policy of professional liability insurance as set forth in subsection (2) of this section.

(2) (a) A qualifying policy of professional liability insurance shall meet the following minimum standards:

(I) The policy insures the entity against liability imposed upon it by law for damages arising out of the negligent acts, errors, and omissions of all professional and nonprofessional employees, members, and partners; and

(II) The insurance is in a policy amount of at least seventy-five thousand dollars multiplied by the total number of architects and engineers in or employed by the entity, up to a maximum of five hundred thousand dollars.

(b) In addition, the policy may include:

(I) A provision that it shall not apply to the following:

(A) A dishonest, fraudulent, criminal, or malicious act or omission of the insured entity or any stockholder, employee, member, or partner;

(B) The conduct of a business enterprise that is not the practice of architecture by the insured entity;

(C) The conduct of a business enterprise in which the insured entity may be a partner or that may be controlled, operated, or managed by the insured entity in its own or in a fiduciary capacity, including, but not limited to, the ownership, maintenance, or use of property;

(D) Bodily injury, sickness, disease, or death of a person; or

(E) Damage to, or destruction of, tangible property owned by the insured entity;

(II) Any other reasonable provisions with respect to policy periods, territory, claims, conditions, and ministerial matters.

## Nearby sections

- [C.R.S. § 12-120-401 12-120-401. General provisions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-401.md)
- [C.R.S. § 12-120-402 12-120-402. Definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-402.md)
- [C.R.S. § 12-120-403 12-120-403. Exemptions - definitions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-403.md)
- [C.R.S. § 12-120-404 12-120-404. Forms of organizations permitted to practice - requirements](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-404.md)
- [C.R.S. § 12-120-405 12-120-405. Unauthorized practice - penalties - enforcement](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-405.md)
- [C.R.S. § 12-120-406 12-120-406. Disciplinary actions - grounds for discipline](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-406.md)
- [C.R.S. § 12-120-407 12-120-407. Disciplinary proceedings - injunctions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-407.md)
- [C.R.S. § 12-120-408 12-120-408. Reconsideration and review of board actions](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-408.md)
- [C.R.S. § 12-120-409 12-120-409. Application for licensing](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-409.md)
- [C.R.S. § 12-120-410 12-120-410. Professional liability - insurance](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-410.md)
- [C.R.S. § 12-120-411 12-120-411. Notification to board](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-411.md)
- [C.R.S. § 12-120-412 12-120-412. Eligibility for architect](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-412.md)
- [C.R.S. § 12-120-413 12-120-413. Qualifications for architect licensure](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-413.md)
- [C.R.S. § 12-120-414 12-120-414. Retired architects - classification - fees](https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-414.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_CO_T12_A120_P4_S12-120-410. Check the current official text before relying on it. Not legal advice.