Blog - Page 3 of 4 - Lockton Affinity Architect and Engineer

What to Know About Insurance Limits

Everything has its limits and insurance is no exception. Architects, engineers and other design professionals must navigate some particularly dangerous risks when it comes to choosing the limits of their professional liability insurance. Without adequate insurance limits, you risk being underinsured, which is a danger not only to yourself, but also to clients and projects. [...]

By | February 24th, 2022|Insurance information|0 Comments

How to Avoid Being Underinsured

For architects, engineers and other design professionals, few things are as dangerous as being uninsured. Mistakes and accidents happen, so insurance is a must. Yet just because you've got insurance doesn't mean you're out of the woods. Being underinsured can be almost as dangerous as being uninsured. Here's what to know and how you can [...]

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|Reducing liability, 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|Reducing liability, Risk management tips|0 Comments

Workers’ Compensation Insurance for Architects and Engineers

Worker injuries aren't a typical risk associated with a design firm's office space the way they are for a builder's job site, but accidents at the office can and do occur. Workers' compensation insurance for architects and engineers is an important coverage that protects your business and your workforce from these incidents and ensures compliance [...]

By | October 21st, 2021|Insurance information|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|Reducing liability, Risk management tips|0 Comments

Insurance Terms for Architects and Engineers to Know

Learning about professional liability insurance can be time consuming when your specialty is architecture, engineering or another design field. Many of the insurance terms and conditions you'll come across don't come up in everyday conversation, meaning sometimes it feels like you're reading a different language. Understanding a policy's terminology is important for feeling confident about [...]

By | August 18th, 2021|Insurance information, Uncategorized|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 is [...]

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 [...]

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 [...]