2020 Colorado Revised Statutes
Title 12 - Professions And Occupations
Article 130. Landscape Architects
Section 12-130-111. Professional liability - insurance.

(1) The shareholders, members, or partners of an entity that practices landscape 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:

1. The policy shall insure the entity against liability imposed upon it by law for damagesarising out of the negligent acts, errors, and omissions of all professional and nonprofessional employees, members, and partners; and

2. The insurance shall be in a policy amount of at least seventy-five thousand dollarsmultiplied by the total number of landscape architects 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 stating that the policy shall not apply to the following:

1. A dishonest, fraudulent, criminal, or malicious act or omission of the insured entityor of any stockholder, employee, member, or partner of the insured entity;

2. The conduct of a business enterprise that is not the practice of landscape architectureby the insured entity;

3. The conduct of a business enterprise in which the insured entity may be a partner orthat 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;

4. Bodily injury, sickness, disease, or death of a person; or

5. 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.

Source: L. 2019: Entire title R&RE with relocations, (HB 19-1172), ch. 136, p. 932, § 1, effective October 1.

Editor's note: This section is similar to former § 12-45-112 as it existed prior to 2019.