Where smart architects manage risk® Professional Liability Safety & Other
Introduction In recent years, the design industry has experienced a significant disparity in experience levels among the workforce in the field of construction contract administration (CCA) services. With a visible gap between junior staff (1-5 years of experience) and senior staff (10+ years of experience), many firms are finding themselves in a conundrum, compelling less-experienced…
Read MoreArtificial intelligence is transforming industries and streamlining processes at a dizzying pace. There’s a lot we don’t understand about AI, including the risks and exposures inherent in incorporating AI into our businesses and lives.
Read MoreThe Victor and CNA professional liability insurance program does not recommend specific language on “moonlighting.” That is because the situations vary so greatly. The key is for an architecture service firm to have a workable provision in an employee handbook. There are very few instances where an employer is held liable for the actions of…
Read MoreFrom choosing your client to closing a project, your firm can take measured steps towards managing its risk. While unpleasant, the terms “insurance” and “litigation” have taught us how to better protect design firms by minimizing claim potential, or at least to develop stronger defenses if claims cannot be avoided.
Read MoreEarlier this year, the US passed the Inflation Reduction Act of 2022, with $369 billion in funding intended to cut climate pollution in half by 2030 (from 2005 levels). The private sector is also embracing capital-allocation strategies that take environmental, social, and governance (ESG) issues into account with their business practices. Over the next few…
Read MoreThe AIA Trust together with the American Council of Engineering Companies (ACEC) and the National Society for Professional Engineers (NSPE) work annually to conduct an insurance carrier review and interview of professional liability trends and risk management issues. Following is a summary of highlights for 2022 in addition to complimentary useful resources made available to…
Read MoreJobsite safety is more than just an issue for the general contractor and OSHA can impose safety obligations on all “employers” whose employees are present on the jobsite. Read on to learn some things that you may not have considered from the expert legal professionals at LegaLine:
Read MoreWhether or not professional services are provided for a fee or on a complimentary basis, the professional liability risks are the same. Professional liability insurance coverage is also the same, even though no premium is calculated on the value of the free services provided. The general rule is that a professional performing voluntary services must…
Read MoreIn today’s environment, when material prices are unpredictable, inflation is rising, claims are increasing, and disputes take much longer to resolve, that prediction of the cost of future claims becomes more uncertain. Learn how construction-related professional service firms may face certain future exposures, and how insurers must anticipate and prepare for losses from those exposures.
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