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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AIA Climate Impact Survey

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Do You Know?

Do you know that most professional liability (PL) insurers offer a “pre-claim assistance” or “loss prevention” benefit to their PL policies?  When you are confronted with a difficult situation on a project that has not risen to the level of a “claim” (i.e., no one has asked you for money or services to take care…