What to look for in contracts for architects/engineers
Contracts are the ‘start’ of a project, it is the point on which your firm and your firm’s client agree on the details of what will transpire on the project. …
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When Winning Costs More Than the Prize: A Fee Dispute Claim…
Project Overview: The Insured was retained to provide architectural services for a commercial office renovation. The original design contract was a fixed fee of $35,000, with payments scheduled in phases. What…
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What effects your architecture/engineering firm’s business o…
The business owner policy premium can change year to year, typically it is an automatic renewal, so be sure to review your business owner policy each year. The location of…
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Beginners Guide to Motorcycle Insurance
In Michigan, motorcycle insurance is mandatory for all riders and includes specific liability coverage requirements. Motorcyclists must have a minimum of $50,000 bodily injury liability per person and $100,000 per accident,…
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What effects your architecture/engineering firm’s workers co…
There are several factors that can have an effect on your firm’s renewal premium. The first item to point out is the renewal premium is considered an estimated premium. This…
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What effects your architecture/engineering firm’s profession…
In this day and age when money can be tight, it is good to know what can influence your professional liability renewal premium. The whole application is taken into consideration…
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Changes to your architecture/engineering firm that need to b…
The changes to your firm will also depend on the insurance policy and what will or will not need to be reported. If your firm is being acquired or acquiring…
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How AI will impact the design world
The Role of Artificial Intelligence Across Industries, with a Focus on Construction Artificial Intelligence (AI) has become a major topic of interest due to its relevance across all industries and…
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Top 5 in ‘25 Management Practices for Architect & Engin…
Design Professionals face unique risks that can lead to professional liability claims. Their work directly impacts public safety, client satisfaction, and project outcomes. Given the complexities of their responsibilities, implementing…
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Small Business Cyber Security Tips
It may seem unlikely, but small businesses are also at risk for cyber attacks. Cyber incidents reported by small businesses make up at least half of all cyber incidents. Below…
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Workers’ compensation audit for architects/engineers
Your firm will be asked to complete a workers compensation audit at the end of the policy period. This is to provide a true picture of your firm’s employees and…
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Rising Costs: How A&E Firms are Adapting
Victor Insurance breaks down cost inflation and environmental impacts in A&E insurance Rising costs, rising stakes: How A&E firms are adapting their insurance strategies The following article was written in…
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