Ice Dam causes and prevention
With the temperature fluctuations we experience throughout our unpredictable seasons, ice dams are causing frustration and financial burdens to home owners. Although the damage caused by ice dams will more…
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Apartment project converting to condos
With the current trend of condos being more and more difficult to build due to litigation and claims, developers/owners are looking to build apartments instead. The issue, for architects and…
Read MoreProject endorsements on Professional Liability
There will be times that as an Architect or Engineer you will have contract requirements for limits of liability that are higher than the current limits carried on your Professional…
Read MoreUAVs/Drones – Do you operate unmanned aerial vehicles…
Do you operate unmanned aerial vehicles (UAVs/Drones in business? If the answer is yes you made need to purchase a separate liability policy. Your business owners or general liability policy…
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Retroactive date on a Professional Liability policy
What is a retroactive date? It is the date set in a policy that shows when you started a policy with a carrier and have continuous Professional Liability policies. It…
Read MoreHow Effective is your Insurance Risk Management Program?
How Effective is Your Risk Management Program? Many design firms attend risk management training sessions and implement certain practices based on an industry trend or project claim. Other firms may…
Read MoreMid-term Increase of Architect’s/Engineer’s Professional Lia…
Many Architects and Engineers have been carrying Professional Liability Limits of $1,000,000 each claim with a $2,000,000 annual aggregate for a number of years; but we are seeing an increasing…
Read MoreTips to Reduce Your Liability for Holiday Parties
Hosting a company holiday party? Here are some tips to reduce your liability from the Society for Human Resource Management: 1) Have an alcohol policy – and enforce it! 2)…
Read MoreA Few Thoughts on Subrogation and the Waiver Thereof
In exchange for payment of a claim under a policy of insurance, the policyholder surrenders to the Insurer the right to recover the monies paid to settle the claim from…
Read MoreDollar One Defense – What are the benefits?
DOLLAR ONE DEFENSE Dollar One Defense is a unique deductible option for certain insureds. Dollar One Defense or “First Dollar Defense” simply means that if a claim is made against you,…
Read MorePossible change to Denver, CO construction defect
Other Colorado cities have made some changes to construction defect, will Denver, CO make changes also? Click here to see the news story.
Read MoreIntegrated Project Delivery (IPD) What are the Risks?
Generally, the biggest risk to the firm is not its professional liability exposure to the owner, the “team” or third-parties but its ability to manage its cash flow. IPD forces…
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