Risk management tips Archives - Lockton Affinity Architect and Engineer

Beware of Indemnification Clauses

As a design professional, it's important to know exactly what you're agreeing to before you sign on the dotted line. With some contract clauses, you could be tying yourself to broad indemnity obligations far beyond what you intended. Agreeing to the wrong contract clause can not only expose you to excess risk not covered by [...]

By | December 22nd, 2021|Risk management tips|0 Comments

How to Avoid Being Sued – 10 Tips from Lockton Affinity

Everyday, architects, engineers, contractors and other design professionals face the prospect of being sued for the work they do on a project. Being sued is not only impactful financially, it also creates stress and worry that can affect your ability to do your best for other clients and projects. Design professionals get sued not only [...]

By | November 30th, 2021|Risk management tips|0 Comments

Top 10 Risk Management Tips for Architects and Engineers

For architects, engineers and other design professionals, project work is high stakes. The risk of being sued is ever present, whether you have made a professional mistake or a client merely perceives that you have. Success in the industry often depends as much on managing risks as it does completing projects. Proper risk management practices [...]

By | September 28th, 2021|Risk management tips|0 Comments

Professional Liability with Contract Reviews

There's an important question that every architect, engineer, contractor and design professional needs to ask themselves—How do I minimize my risk of being sued by a client? Unfortunately, design professionals like you face a real risk of being sued for the work you do on a project if something goes wrong. Even if your work [...]

By | August 4th, 2021|Risk management tips|0 Comments

Contract Reviews for Design Professionals

There's an important question that every architect, engineer, contractor and design professional needs to ask themselves—How do I minimize my risk of being sued by a client? Unfortunately, design professionals like you face a real risk of being sued for the work you do on a project if something goes wrong. Even if your work [...]

5 Secrets to Better Architect and Engineer Risk Management

Specfic Architect and Engineer risk management is an important part of running a design firm. Unfortunately, architects, engineers and other design professionals can and do make mistakes which can lead to a professional liability claim. Professional Liability Insurance coverage can help protect your practice, but only if you understand how your coverage works and follow [...]

By | July 1st, 2021|Risk management tips|0 Comments

Contract Risk Management for Architects and Engineers

For architects, engineers and other design professionals, the contract is one of the most important documents you'll create. A contract communicates in writing the expectations and roles for each party in the project. If problems arise, a good contract will serve as a workable roadmap to solve them, while a bad contract could make matters [...]