Each year, the AIA, ACEC, and NSPE jointly survey the principal professional liability carriers. The three groups along with the AIA Trust also interview most of these carriers to discuss trends and developments.
The results of the survey are published here. For more information about the insurers, you may also visit our Professional Liability Insurance Database.
You can also find out more about the AIA Trust Professional Liability Insurance program with Victor and CNA – including many resources available regarding finding and working with a broker and more.
2023 Trends in Professional Liability Insurance
The AIA Trust together with the American Council of Engineering Companies (ACEC) and the National Society for Professional Engineers (NSPE) work annually to conduct an insurance carrier review and interview of professional liability trends and risk management issues. The following are some highlights for 2023 as well as complimentary useful resources made available to you by the AIA Trust.
Avoiding fee disputes
Architecture firms should take the time to establish meaningful fee collection practices so that they can remain financially solvent. Avoiding fee disputes with clients helps maintain positive working relationships while safeguarding the ability to provide services on future projects, including those of existing clients. Timely collection of fees is essential since architecture firms do not…
