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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Upcoming Webinars

Be sure to register for these invaluable upcoming AIA Trust webinars on critical risk topics—such as climate change, IPD, Mediation, and health insurance — free to AIA members and most offering continuing education credits (including one HSW).

IPD Risks and Rewards

A new AIA Trust risk report, The Risks and Rewards of Integrated Project Delivery (IPD), focuses on the unique risks and rewards which architects may face when participating in collaborative delivery such as Integrated Project Delivery (IPD), Integrated Design Build (IDB), Integrated Form of Agreement (IFOA), Tri-Party Agreements, and other contracts which include risk and…