Insuring design-build accounts entails understanding factors that are somewhat unique in the realm of insurance. Here’s an article from IRMI that does a good job of explaining some of the basic issues, namely: 1.) Risk Transfer is not enough – no one...
Industry trade group a/e ProNet has a series of videos on YouTube on topics of interest to architects & engineers and the insurance professionals that protect them. Below are two of the most popular videos (based on views). We encourage you to check out the...
The word standard implies many things. A bar to be cleared; a rubric to be followed. But for design professionals, the word becomes tricky when applied to contracts. Project owners often want to keep things simple by requiring so-called Standard Contracts for all...
At a panel for the NC Bar Association Construction Law Winter Meeting, attorney Melissa Brumback and her colleagues discussed insurance issues for design professionals. One hot topic was the way architects and engineers can inadvertently invalidate their insurance by...
One of the first things to look at when evaluating an insurance program for a design professional is whether they are on a claims made vs occurrence policy form. Here’s a brief description of the differences (from a/ePronet): Claims Made vs Occurrence Most...
PDI is a proud member of a/e ProNet, a network of independent insurance brokers specializing in insuring design professionals. The below is an excerpt from a book available in electronic format from a/e ProNet. At its most basic level, risk management for design firms...
