The latest Green Building Market Barometer by Turner Construction Company, which surveyed more than 700 executives, found that companies remain committed to constructing environmentally sustainable buildings. Almost all the executives participating in the 2012 survey said their companies would incorporate at least some green features in their next construction project, citing the potential to reduce […]
Business Coverage / Professional Liability Articles
The National Safety Council now estimates that cell phone use increases auto accident risk by a factor of four. Many, if not most, company policies on the use of cell phones for enacting company business while driving ban the use of hand-held devices but make an exception for hands-free cell phone usage. This often is […]
The proliferation of social media has transformed the way people communicate with each other. Platforms like Facebook, LinkedIn, Twitter and Google+ allow people to post whatever strikes their fancy, sharing information with their network and by extension the whole world instantaneously. Design firms are increasingly using social media platforms as part of their business practices: […]
When your application form is received by your insurance company, underwriters and actuaries look at a number of factors to assess your firm’s potential risk, including your firm’s size, billings, location, clients, services provided, and project types. A study was conducted in 2011 to determine other important factors to which underwriters can look when assessing […]
A joint venture is essentially a partnership, but only for a specific, and usually limited, purpose. Both partnership agreements and joint venture agreements usually allocate responsibility and compensation between or among the parties. Comprehensive joint venture agreements also address issues such as determining fault for performance that is deficient and establishing obligations for rectifying harm […]
It seems that during each cycle of the state legislative sessions, efforts are made either to expand or reduce the business and professional liability exposures faced by construction-related professional service firms. In some instances, under the overall rubric of “tort reform,” efforts are made to redefine exposure and channel liability.
The AIA Trust released a new white paper on the crucial legal & professional considerations for architects regarding fiduciary duty. While there is no surprise about lawsuits founded upon professional malpractice, or the breach of a professional services agreement against design professionals, concerns may arise when a design professional is also sued for the breach […]
Many Americans are financially prepared with life insurance, but do not have a plan in place in the event of disability. Disability can affect you financially whether married or single, a firm owner or an associate, a parent or not. While life insurance is very important, you should also be prepared for the possibility of […]
Small firms and sole practitioners don’t have the luxury of in-house counsel or retained attorneys, yet small architecture firms confront many legal challenges such as negotiating and interpreting contracts and handling disputes with clients and contractors. LegaLine is the AIA Trust Legal Information Service, a specialized benefit for AIA members, ideal for small firms without […]
Disputes happen. Dissatisfied clients, construction firms with cost-recovery programs, injured third parties and other claimants often try to tap into the assets of professional service firms—and their insurers—to solve a real or perceived problem.