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 some helpful resources for risk management.
Your professional liability insurance company will commonly have a risk management page to their website that may be only accessible if you are an insured with the insurance company. Here are a few of those insurance company websites.
https://www.victorinsurance.com/us/policyholders/victor-risk-advisory.html
https://www.thehartford.com/midsize-architect-engineer-newsletters
Often the insurance companies will also offer webinars or podcasts for risk management. Your firm may also receive newsletters from the insurance companies with a specific topic. Be sure to share this valuable information with your staff at your firm.
Associations are another great resource for risk management. They work with local attorneys and the insurance companies to provide valuable information.
https://cecatalog.aia.org/coursecatalog
https://www.acec.org/resources/risk-management-resources/
https://www.nspe.org/resources/professional-development
https://www.sdanational.org/page/KnowledgeHub
Professional Underwriters, Inc. is involved in an association, AE Pronet, that offers risk management.
https://aepronet.org/services/continuing-education/
Our agency also provides a seminar twice a year. The spring our Michigan office has a seminar, that is both in person and virtual. Our Colorado office offers a seminar in the fall, again it is in person and virtual. We work with local attorneys and an insurance company to present topics that are relevant.
https://www.profunderwriters.com/seminars/information-and-schedules/
Risk management isn’t just for the principals or licensed professionals of your firm, it is for everyone in your firm. It isn’t just for large firms either, it is for sole proprietors. Lawsuits happen at all levels, and it is important for your firm to be educated to avoid loss or if a claim does happen to have the best documentation and education about it as possible.
Risk management is available through many resources. Please call, or email, your Professional Underwriter agent for assistance or questions on risk management.