Every day, we hear about neighbors suing neighbors; accident victims suing those responsible; and people filing lawsuits for libel, slander and countless other reasons. Think it can’t happen to you? Think again.
Business Coverage / Professional Liability Articles
In order to protect your firm, contractual provisions such as disclaimers and other exculpatory language need to be carefully worded. Firms should assess the risk of project-specific provisions and work with local legal counsel to craft them appropriately. This is especially true when the provisions include any waiver of claims, requirements for a legal defense, […]
Every firm has documents that should be destroyed, not simply discarded. Documents must be destroyed because firms need to maintain confidentiality when dealing with employee, client or business records that contain personal or proprietary information. Furthermore, firms need to develop a formal document destruction policy that includes a schedule that is adhered to consistently.
Design firms are increasingly seeking opportunities internationally, expanding into foreign countries through a local client or a U.S. client with business abroad. Tapping new markets makes sense but before delving into a new arena, design firms should educate themselves to properly understand the laws, standards, and local industry practices that govern the projects on which […]
In its most basic form, building information modeling (BIM) is the move from analog to digital design and construction. It is a model-based technology linked with a database of project information. It is poised to fundamentally change the way projects are built and the way the project stakeholders communicate with each other. And while BIM […]
Professional service firms need to set appropriate fees for their services and collect those fees to stay profitable. Regular billing and follow-up will open communication about a client’s concerns that could otherwise lead to a fee dispute. Implementing billing controls can minimize the risks that come with trying to collect on an unpaid invoice.
In today’s busy and fast-paced world, it’s hard enough meeting your family’s day-to-day demands…let alone looking at long-term needs. But the facts are that you may lack sufficient life insurance protection to ensure your family’s financial security.
Does preserving the environment seem overwhelming? The statistics are staggering: Each American generates an average of 4.6 pounds of garbage per day, according to the Environmental Protection Agency (EPA).
The Schinnerer program now offers a premium credit—an up-front reduction of 5% in the cost of insurance—for firms with good claims records that can show they meet certain risk mitigation criteria in their current practice management procedures.
Recently CNA/Schinnerer introduced a low maintenance, high quality approach to their Business Owners Policy offered to AIA Members by enhancing the policy so that frequently requested coverages are provided automatically.