How Effective Risk Management Training Can Address Potential Indicators of Risk

When weighing the risks of design and construction professionals, professional liability underwriters typically look at indicators such as a firm’s size, billings, geographic location, clients, professional services provided, and project types. Actuaries collect data on these claims indicators that help predict a firm’s risk exposure. Victor conducted a study to determine what additional factors, besides those supported by actuarial data, underwriters should look at when assessing a firm’s risk.

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Bridging the gap: Navigating the risks and mitigating claims in construction contract administration services

Introduction In recent years, the design industry has experienced a significant disparity in experience levels among the workforce in the field of construction contract administration (CCA) services. With a visible gap between junior staff (1-5 years of experience) and senior staff (10+ years of experience), many firms are finding themselves in a conundrum, compelling less-experienced…

Moonlighting and Volunteer Services

The Victor and CNA professional liability insurance program does not recommend specific language on “moonlighting.” That is because the situations vary so greatly. The key is for an architecture service firm to have a workable provision in an employee handbook. There are very few instances where an employer is held liable for the actions of…