Category Archives: Construction

How Architects Can Manage Condo Risk

condo architect

In my last blog I presented an overview on why condo projects are one of the—if not the —riskiest of all project types when it comes to claims against design professionals. This follow up blog post provides some practical risk … Continue reading →

Why Condo Projects are the Riskiest of All

condo construction

Most insurance carriers that specialize in architects and engineers’ professional liability (PL) would agree that condominium projects are one of, if not the most, hazardous project types when it comes to claims against design firms. Continue reading →

Rate Reductions of Up to 30% in Construction, Property & Casualty

Willis CPC: Property Rating Trends, 2014 Q1-2

Following an unconventional 1st January treaty renewal season, the big question on the lips of corporate buyers and their advisers is how much of this reinsurance cost reduction will insurers pass on to them? Continue reading →

Brazil’s World Cup Construction Woes – Insurance Implications

Arena de Sao Paulo Stadium, Brazil

For the World Cup, Brazil has poured $3.6 billion into stadiums alone; not forgetting the additional costs spent on other important constructions, such as the renovation of airports and rail infrastructure. With just days until kick off, builders are in … Continue reading →

Supplanting Another Consultant

architects

The interruption of a consultant’s service can create significant liability exposures for both the design firm(s) being replaced and the firm(s) taking over. Continue reading →

Using Documentation to Reduce A&E Professional Liability Risk

Architect documentation

When it comes to managing professional liability risk, documentation is one area all design firms need to take very seriously. Continue reading →

Contracts From Hell: Negotiating Design Professional Agreements – Part 2

Disputing Contract

This post will focus on negotiating specific clauses and assessing those “deal makers” and “deal breakers” every design professional should understand and address before signing on the dotted line. Continue reading →

Contracts From Hell – Negotiating Design Professional Agreements (Part 1 of 2)

Pointing at Contract

All architect and engineering firms are faced with the same dilemma: Most owner-drafted agreements, if executed without modification, would put their firm at serious financial risk. Continue reading →

North American Insurance Buyers Facing Improved Market Conditions

Marketplace Realities: 2014

Property insurance rates are coming down, and the upward rate pressure on many other lines of business is easing. This is the word from Willis North America’s Marketplace Realities, the longstanding semiannual publication predicting price movement and key trends for … Continue reading →

Use Construction Administration to Reduce Claims and Disputes

Architects Drawing

As a broker exclusively dedicated to providing insurance and risk management solutions to design professionals, I can tell you that there are certain steps design firms can and should take to mitigate their exposures to costly claims and client disputes. … Continue reading →