Business Coverage Professional Liability
The AIA Trust white paper about the evolving standard of care is a topic of vital interest to AIA Members. The standard of care is the prevailing benchmark of professional practice in architecture and design and the threshold of protection under professional liability insurance. The design professional’s standard of care is generally based on the…
Read MoreYour firm’s success relies on the talent, experience, and dedication of your employees. Without them, your firm may not succeed—which is why most consider their employees to be their most valuable asset. Offering your employees good benefits, including salary, health care coverage, and retirement incentives is key to retaining your top employees and in return,…
Read MoreThe shared-risk/shared-profit collaborative nature of Integrated Project Delivery results in many aspects of the relationship being defined contractually. But it is unclear how courts will construe the provisions of multi-party agreements with extensive waivers of rights, unusual limitations on risk, and blurring of responsibilities. The delivery system, with its emphasis on contractual liability rather than…
Read MoreEvery firm has documents that should be destroyed, not simply discarded. Documents must be destroyed because firms need to maintain confidentiality when dealing with employee, client or business records that contain personal or proprietary information. Furthermore, firms need to develop a formal document destruction policy that includes a schedule that is adhered to consistently. Every…
Read MoreBusiness Coverage Professional Liability
Victor now offers a premium credit for your CNA professional liability insurance—an up-front reduction of 5% in the cost of insurance—for firms with good claims records that can show they meet certain risk mitigation criteria in their current practice management procedures. The credit is available to all but the largest firms insured in the Victor…
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