Risk Management Resources for Architects/Engineers
Risk management is a very important piece of running a design firm. There are many risks that architects/engineers take daily, it’s good to know what those risks are and how…
Read MoreRisk Management
The ins and outs of an extended reporting period (ERP) for a…
Extended Reporting Period (ERP) Your firm may have decided not to renew your professional liability policy due to retirement, or the firm is closing. Your firm has the option to…
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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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Risk management resources for architects/engineers
Risk management and continuing education are important to stay up on the trends in the business and to understand the issues that can arise in your architecture/engineering firm. Here are…
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CONDOMINIUM CASE STUDY
Great American’s Risk Management Department often receives inquiries from our insureds regarding the pros and cons of engaging in condominium projects. Recently, we received a question about entering a project…
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Risks: Design Firms and Contractors
While design firms and contractors work together on projects, what the firms do on the project are quite different. The first area that architects/engineers should be aware of is in…
Read MoreEnd of year review for architects/engineers
It is a good time of the year to assess and evaluate how things went for your firm and how you would like to move forward in 2025. Here are…
Read MoreThe importance of reading your architecture/engineering firm…
While it may seem a bit tedious it is important to read your firm’s insurance policies to know the details of each policy. Your professional liability policy is what is…
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Why you need Director’s & Officer’s Liabili…
Who sues and why? Uncovering the wide range of D&O exposures in private companies Private companies often underestimate the extent of D&O liability, mistakenly believing that disgruntled shareholders are the…
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The importance of contracts for architects/engineers
The design work your firm does is extremely important. Every good project starts with a strong contract. Keep in mind that before a project begins the contract and negotiations on…
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