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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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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Benefits in a Professional Liability Policy for Architects/E…
Having the professional liability policy to protect your firm is a benefit. However, the policy does have additional values that your firm may not be aware of or utilizing. One…
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THE CRUCIAL ROLE OF WAIVERS OF SUBROGATION IN DESIGN PROFESS…
WAIVERS OF SUBROGATION In the complex world of construction and design, professional contracts are very important to both successful projects and limiting potential claims against design professionals. These agreements outline…
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Understanding Indemnification and the Duty to Defend
For many design professionals an indemnification obligation is one of the most confusing clauses they may see in a professional services contract. Contributing to that confusion is when a duty…
Read MoreWays to Improve My Renewal Premium
Ways to improve my architecture/engineering firm’s professional liability renewal premium- The renewal premium is based on the fully completed professional liability renewal application, but there are some ways to help…
Read MoreClaims Made Policy
Claims Made Policy How does claims made work on a professional liability policy for architects/engineers? Claims made is the most common type of policy for professional liability. Claims made means…
Read MoreWaiver of subrogation in policies for architects/engineers
Waiver of subrogation in policies for architects/engineers- Your firm may see a clause in your contracts for waiver of subrogation. It may even be in the insurance requirements section of…
Read MoreIs contractual liability covered under my architecture/engin…
Is contractual liability covered under my architecture/engineering firms’ policies? First, what is contractual liability? It involves the financial consequence emanating from liability, not the assumption of the indemnitee’s liability itself. …
Read MoreContracts for Architects/Engineers
Contracts for Architects/Engineers Contracts are the beginning of a project and set the tone for how the project will proceed. Contacts are extremely important for design professionals. Not just having…
Read MoreBuilders and Designers Beware: It’s Getting Harder to Hide B…
Corporate Veil When you get the dreaded summons in the mail notifying you of a suit with allegations of negligence and defective design and construction on a recent project, you…
Read MoreGREAT AMERICAN 2023 RESOLUTION CHALLENGE TAKE 2: A BETTER CO…
A BETTER CONTRACT Drink more water. Spend less money. Establish an exercise regimen. We all made these cliched New Year’s resolutions to better ourselves as we entered the new year…
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