Fleet Safety for Design Professionals Fleet vehicle accidents are among the most costly of injury claims for business. The average cost of a loss related to vehicle accidents is approximately $70,000. This is almost twice the cost of the average…
Construction Sites During Covid-19 KEEPING AN EYE ON THE FUNDAMENTALS OF CONSTRUCTION SITE VISITS DURING COVID-19 COVID-19 as well as the volatile economic market has affected the design and construction industry as a whole and may have affected your professional…
Fiduciary Liability vs. ERISA If you have and Employee Stock Option Plan (ESOP) or a 401K plan for your employees you probably also have an ERISA bond. This type of fidelity bond is required and you are to carry 10%…
How Design Professionals Can Save Money on Professional Liability Insurance There are many things that you can do to reduce the cost of your professional liability premium. Some of these things will even help you avoid claims. Risk Management Classes…
Signing and Sealing Instruments of Service Prepared by Another Design Professional In some instances, design professionals are asked to review and place their seal and signature on instruments of service prepared by others. There are no standard contracts for such…
RESPONDING TO COVID-19 AND OTHER EMERGENCY SITUATIONS FOR DESIGN PROFESSIONALS In emergency situations such as the challenge of COVID-19 and natural disasters like earthquakes, hurricanes, and tornadoes, design firms and those involved in the design and construction industry face many…
Providing Pro Bono Services Whether 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…
Architects & Engineers – Unauthorized Changes to Plans By, Samuel J. Muir* I. What’s at stake? Some states recognize the potential problems of changes to design plans without the authorization of the design professional. In those states, there are…
How to Get Paid Promptly… and Not Get Sued by Barry Temkin and Kate DiGeronimo Every design professional likes to get paid promptly. While it is not the only reason you are in business, getting paid certainly beats the alternatives….
Electronic Transfer of Documents By, Powell, Trachtman, Logan, Carrle & Lombardo, P.C.* I. What’s at stake? Clients, contractors and subconsultants frequently request that your work product be supplied in an electronic format. Such a request may require that you transfer…