For design professionals, finding the right insurance broker can present a challenge. You need someone with ample experience handling the professional liability needs of architects and engineers, and who offers a wealth of value-added services. Only if your broker has...
WELL Building Design For some time now, building “green” was an emphasis in the design community. Energy efficiency and using alternative sources of energy were the goal for major building projects. Now that most builders take some consideration of...
Document Retention In this age of terabyte-sized digital memory banks and the seemingly infinite storage possibilities of “the cloud,” understanding how long a design professional should retain project documents can be tricky. More and longer aren’t always better, but...
Many design firms attend risk management training sessions and implement certain practices based on an industry trend or project claim. Other firms may only concentrate on contracts and insurance coverage’s as a risk management strategy, which only addresses a portion...
Court Upholds Limitation of Liability Clause Construction Risk Magazine recently ran an article covering a lawsuit were a limitation of liability clause was contested. The clause was originally set at a significant percentage of the design professional’s fee,...
As design professionals embrace and integrate technology more and more into their practice, the threat of cyber related losses increases. Most design professionals liability insurance policies do not cover or address cyber liability, it’s a coverage that needs...
