The AIA will soon require that you “opt in” to any emailed subscription you receive. While many readers of the AIA Trust quarterly newsletter, Managing Your Risks, have subscribed, some members receive it based on their status as a firm owner or manager. To ensure you continue to receive the quarterly risk management newsletter, sign […]
Business Coverage / Professional Liability Articles
The AIA Trust new white paper, “BIM Me Up, Scotty: Navigating Risk in Digital Practice” focuses on how to successfully manage your digital practice risks. While there has not yet been a proliferation of claims, risk management can be preemptive. This paper looks at risk assessment and the risk sensitive areas of the BIM process. […]
Cyber liability insurance is a valuable risk management solution that addresses the emerging coverage gaps found in traditional professional liability policies. This is mainly due to the increasing reliance on technology and the use of data in design firms. From criminals tricking you into paying false invoices, to liability arising from lost data, to income […]
Any professional practice includes risk. How a firm handles that risk is critical to its profitability, and essential to its viability. According to Victor O. Schinnerer & Company, Inc., which manages the AIA Trust-sponsored CNA professional liability insurance program, four techniques are paramount to a firm to pursuing its preferred future.
The AIA Trust has just published two new white papers to their website, one exploring the risks associated with contractor terminations and the other about the risks associated with design/build teams.
Would you like to minimize costly and destructive problems for little more than a dollar a day? When you’re a subscriber to the AIA Trust LegaLine service, their experts can provide you with information to help negotiate and interpret contracts, manage risks and prevent lawsuits, improve client communication, resolve or mitigate disputes with clients, employees, […]
Recently, there have been disputes and judicial decisions addressing the responsibility of architecture firms to understand the composition, performance, and availability of specified products, materials, and systems. In most cases, absent an affirmative statement by the architecture firm that it will determine the attributes of components specified for a design, courts have not unreasonably extended […]
AIA members and their firms can now find qualified A/E Construction Lawyers to help when it’s needed most—in handling a pending claim or another A/E legal matter.
A successful risk management plan requires consideration of exposure, capability, responsibility, and power. Regardless of how a firm positions itself and selects its clients, a carefully crafted risk management program is the basic foundation for a firm’s ultimate survival and a major contributor to a firm’s success and profitability.
Earn 1 HSW Credit The AIA Trust sponsored a one hour Webinar on Managing Professional Exposures as a Small Project Practitioner for 1 HSW Credit, conducted by Frank Musica, Assoc. AIA, Esq. of the Risk Management Department of Victor O. Schinnerer & Company, Inc. Frank offers a wealth of experience in design and management of […]