Risk Management
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…
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End 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…
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The 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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New Risk Management Seminar coming in September!
Please join us online or in person for a brand new Risk Management Seminar in Colorado! For the first time ever we will be live streaming this event! Available to…
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Roadway Projects and Bodily Injury Claims
In 2023, Great American’s Risk Management Newsletter Series focused on contract provisions and ways to tighten your contract language to best protect you and your firm. This year we will…
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Risk Management Tools
Risk management tools available for architect and engineering firms- Insurance policies are a part of a risk management program for design firms. However, there are additional risk management tools available…
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Reporting a Potential Claim
Reporting a Potential Claim It is very important to report a potential claim or situation to your professional liability carrier as soon as you receive notice. Notice can be a…
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It’s Just An Application For Payment Right?
Like many things you may not have covered extensively (or at all) in architecture school, certifying the Contractor’s application for payment is an underemphasized but critical component of an Architect’s…
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