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.