To better understand how insurers meet the professional liability insurance and risk management needs of design professionals, the AIA, the AIA Trust, the American Council of Engineering Companies (ACEC), and the National Society of Professional Engineers (NSPE) conduct an annual survey and interviews of insurance carriers. In 2016, 18 carriers participated in the survey. In […]
Business Coverage / Professional Liability Articles
Drones and cyber liability are all over the news these days. And they have big implications for architectural practice. The AIA Trust has just published guides on each of these topics to help architects navigate new regulations and risks.
Professional service firms are facing an increased exposure to cyber liability. According to Victor O. Schinnerer & Company, many firms do not take the necessary steps to secure their systems, guard their digital assets, protect confidential client information, and maintain productivity. Each firm should have digital protection protocols that help avoid or minimize data breaches. […]
It is the beginning of a new year. Most of us make resolutions, and set goals in our personal lives, but not many of us do the same in our professional lives and firms. People figure that when business is going well, “if it ain’t broke, don’t fix it.” This article aims to highlight just a few […]
A cyber risk webinar is now available on the AIA Trust website to learn how to avoid the professional and business liability implications of this increasing digital threat. As architecture firms of all sizes see an increase in cyber-attacks, it’s critical to learn about what other firms are doing to address these risks, how to […]
In her new role as Director of Victor O. Schinnerer & Company’s Risk Management Services, Yvonne Castillo will be expanding the company’s resources in terms of project delivery for public works. She’s identified the 10 things on which architects should focus when trying to enter the public-private partnership or P3 project delivery market.
First of all, what is a PEO? A Professional Employer Organization (PEO) is a company that manages all of the moving parts of your firm associated with employee management. These include: payroll, benefits administration, human resources, workers’ compensation, regulatory compliance, and 401k administration. Sometimes known as HR-outsourcing, a PEO essentially manages 100% of your employee […]
Do you even know what cyber risk is? More importantly, do you know how to protect your confidential client records, servers, building drawings and plans and other digital assets? The AIA Trust with its partner-provider, Victor O. Schinnerer & Company Inc., have developed a number of resources, including an upcoming webinar, to enable your architectural […]
The Department of Labor’s or DOL new overtime rules are set to go into effect on December 1st. To help you sort out the requirements and navigate your own situation, the AIA has published a number of overviews.
In this age of increasing cyber crime, professional service firms either have been victims of ransomware or likely will be eventually. Firms that have experienced the chaos and despair that a ransomware attack causes know that the effects are costly, debilitating, and damaging to a firm’s reputation. Through staff education, comprehensive data protection procedures, and […]