Navigating Risk in Digital Practice

Two AIA Trust reports about digital practice risks have recently been updated. The 2021 Guide to Cyber Liability Coverage by independent insurance expert, Insurance Buyers’ Council, Inc., will help you understand what you need to know about cyber liability coverage for your firm. The 2021 update of BIM Me Up, Scotty–Navigating Risk in Digital Practice, will help you to consider how you can manage potential BIM risks.

Cyber liability

Cyber Liability has become a hot topic due to high profile cyber attacks. These attacks can range from security breaches where sensitive information is stolen by a hacker or inadvertently disclosed, to business interruption from a hacker shutting down a network, to malware or ransomware holding a firm’s practice hostage until resolution.

Increasing awareness has fueled demand for cyber liability insurance and the number of insurance carriers writing coverage has increased. Comparing policy forms to identify key coverage differences is important for the architect to make an educated decision.

This guide outlines the type of risks of which one must be aware in order to identify and evaluate cyber liability policy options available to you and to select the best match in terms of limits and coverage to meet your needs. Read the Guide to Cyber Liability Coverage

Building information modeling

(BIM) is rapidly becoming the central platform for design, construction and building operation. BIM usage continues to move steadily forward, and several states have initiated BIM mandates for public work. While there has not yet been a proliferation of claims, risk management is about preemptive actions, so it is important to consider how potential BIM risks can be managed.

This paper–newly updated in 2021 by authors James B. Atkins, FAIA & Andrew D. Mendelson, FAIA–addresses issues that can be beneficial in managing risks in digital practice and concludes with a look at risk assessment and the risk sensitive areas of the BIM process. From control of the model to the standard of care, risk areas are examined based on current industry practices. A BIM Execution Checklist, protocol manual, and sample contractor agreement are provided to guide your digital practice endeavors.

Read the full report

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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.