Learn how to avoid the professional and business liability implications of this increasing digital threat. It’s important for architecture firms of all sizes to take steps now to address the risks, minimize any possible data breach that occurs–and manage it if it does. Former Victor US Senior Vice President and Professional Liability Leader, Jill Tellez,…
Read MoreTopic: Professional liability
Blockchain 101
Understanding blockchain technology and potential use cases and applications that could impact architects is the topic that Yvonne Castillo Esq, Vice President & Director of Risk Management for Victor and Adam Wilbrecht, AIA, Principal and Chief Knowledge Officer with Cuningham Architects in Minneapolis recently discussed in this webinar. The webinar included an overview of the…
Read MoreDesign Firms Serving as Code Examiners
For a number of reasons, including budgetary cutbacks, lack of skilled workers, and staffing demands caused by disasters or emergencies, local building code entities sometimes seek to transfer their administrative responsibilities. These responsibilities may include transferring the certification of design compliance with codes or construction compliance with design and regulatory requirements to the design firms…
Read MoreProfessional Liability Insurance Database
Videoconferencing Can Raise Professional Liability Exposures
Design firms have changed their practice management procedures because of pandemic-related restrictions placed on office settings, travel, and in-person meetings with clients, government offices, contractors, and others involved in putting a capital asset in place. Video conferencing through various productivity tools has become part of the new normal for internal and project communications. But there…
Read MoreSet Professional Liability Goals and Objectives
Setting goals and objectives that you integrate into your services and project delivery process is an effective way to develop a risk management program for your firm. This article offers sample goals that can help you to develop a framework to establish risk management criteria that work for your practice. Risk management goals that become…
Read MoreNew Policy Expands Definition of Insured
For more than 60 years, the Victor and CNA professional liability program has maintained a solid and stable base policy while introducing innovative expansions of coverage. Just as the design and construction industry has evolved, so has their policy. The CNA policy has now expanded the definition of the term insured in a significant way…
Read MorePandemic Risks to Your Firm
Emergency management is the process of preparing for, responding to, and recovering from an emergency situation and the subsequent business disruption. The current viral pandemic should remind professional service firms to update their plans to address possible interruptions related to mass illnesses. All firms should reassess their abilities to meet contractual obligations and business continuity…
Read MoreThe Threat is Real: Cyberattacks Against Architectural Firms
Many architectural firms are tempted into believing they’re safe from cyberattacks because they don’t consider their data to be “sensitive” enough to attract criminals. A new article published by the AIA Trust is filled with real case studies and highlights how very attractive architectural firms are to cybercriminals, the most successful attack vectors currently in…
Read MoreIndemnification Clauses: All You Need to Know
Most architects prefer to design the built environment rather than learn about legal concepts such as indemnification. While you should always engage your attorney to review contract language, this legal concept can significantly increase your risks on a project, especially if poorly written. An indemnification clause is your promise to cover the losses of the…
Read MoreOUR NEWS
