Understanding professional liability insurance
Which is the best professional liability insurance policy? This guide will help AIA members make that decision. The AIA Trust commissioned Frederic Schultz, CPCU, ARM and chairman and principal consultant of the Insurance Buyers Council, an unbiased, independent consulting firm, to develop a detailed, annotated version of the new 2015 CNA Professional Liability policy.
Actived: Just Now
The AIA Trust Professional Liability Insurance Database
(Just Now) The AIA Trust Professional Liability Insurance Database is an easy-to-use, searchable directory of professional liability insurers. The goal: to guide AIA member architects through the labyrinth of critical information needed to make one of the most important purchasing decisions for you and your firm.
COVID-19 resources for architects
(Just Now) As we navigate this unprecedented crisis in our global community, AIA is committed to equipping our members with the information they need to help navigate these uncertain times. This page is intended provide guidelines, policies, and tools for our members and will be updated frequently as new resources are made available.
List of all current AIA Contract Documents
(Just Now) G715–2017, Supplemental Attachment for ACORD Certificate of Insurance 25. AIA Document G715™–2017 is intended for use in adopting ACORD Form 25 to certify contractor insurance coverages required under standard form AIA agreements. G716–2004, Request for Information (RFI)
(Just Now) A massive disruption in the operations of a firm caused by a pandemic—or a government response to a pandemic—could result in performance or business failures. Preparation enhances a company’s image and credibility with employees, clients, colleagues, and the community – and it may also reduce property and business insurance premiums.
Renew your membership
(4 days ago) With nearly 94,000 members, AIA has the largest, most influential network of architecture professionals. Together we’re taking on urgent issues like climate change and inequities in the built environment. It’s design the world needs now and in numbers that can make a …
(5 days ago) Updated November 24, 2020. Nebraska Coronavirus Resources. The Nebraska Chamber of Commerce has created a coronavirus toolkit for local businesses.. The toolkit links to the latest information from Nebraska DHHS, the CDC, the SBA, the U.S. Chamber and NAM.
Protect yourself: Consider a limitation of liability
(9 days ago) Available insurance proceeds may be significantly less than the policy limits. In a bad year, a firm may have more than one claim that erodes its policy limits and reduces the available insurance proceeds. Even a mere allegation of fault may entail the need to retain …
Why architects should be wary of indemnification clauses
(9 days ago) Increasingly, owner-created owner-architect agreements include indemnification obligations. Be wary of these provisions, and seek advice from your legal and insurance advisors whenever possible. An indemnification clause is a contractual commitment to pay your client—and any others identified in
Practice considerations: Manage your architecture firm’s
(2 days ago) Insurance issues. 1. Most construction contracts require the parties to obtain multiple types and levels of insurance. Section A.2 of Exhibit A (“Insurance and Bonds”) to AIA Document A101-2017 gives the owner the option to purchase various types of insurance that may be analyzed to see if coverage exists for issues related to COVID-19. For
Project delivery resources
(Just Now) Victor O. Schinnerer & Company, Inc. and CNA work with the AIA Trust to offer AIA members quality risk management coverage through the AIA Trust Professional Liability Insurance Program and Business Owners Program. Learn more > Schematic design phase quality management. A checklist can assist project teams in meeting their schematic design
(4 days ago) AIA is a community, and much more. More than 94,000 strong, we are the largest, most influential network of architecture professionals. Our members share your passion for architecture and your desire to change the world through the power of design.
The standard of care: Should I care
(Just Now) Professional liability insurance policies are underwritten with the presumption that the insured architect’s services will be judged based upon the common law standard. Agreeing by contract to a higher standard may result in the architect’s insurance carrier denying coverage.
A Master Class in Construction Management: Key Risks and
(Just Now) This master class examines both the Construction Manager as Advisor (CMa) and Construction Manager as Constructor (CMc or CM at Risk) delivery methods, in detail. Explore the benefits of using this method, the roles of project team members, potential liabilities, collaborative concepts, insurance coverages and warranties, cost of the work contracts, sustainable project
Document A103™ – 2017 Exhibit A
(3 days ago) The insurance required by this Section A.2.3.1 shall provide coverage for direct physical loss or damage, and shall not exclude the risks of fire, explosion, theft, vandalism, malicious mischief, collapse, earthquake, flood, or windstorm. The insurance shall also provide coverage for ensuing loss or resulting damage from error,
(3 days ago) Vision Insurance While you may not be expected to provide every one of the benefits available, depending on where your firm is located and what is valuable to your employees, you will be required to offer some of these programs to retain and attract the skill level of employee that fits your culture and delivers on your firm’s customer
You've been sued
(3 days ago) For attorneys and insurance claims representatives, the claim and litigation process can seem elementary and predictable. But for an architect experiencing this process for the first time, it can be a jumbled mess of legal jargon and constant urgent deadlines. As a result, you should feel comfortable asking questions about things you don’t
Document A133™ – 2019 Exhibit B
(9 days ago) The insurance required by this Section B.2.3.1 shall provide coverage for direct physical loss or damage, and shall not exclude the risks of fire, explosion, theft, vandalism, malicious mischief, collapse, earthquake, flood, or windstorm. The insurance shall also provide coverage for ensuing loss or resulting damage from error,
Construction Project Documentation: If it’s not documented…
(9 days ago) 1.) Architect Lead D-B: Regarding insurance matters, the architecture firm would have to have separate professional liability insurance for design services, and general liability insurance for the build part of their practice. This scenario obviously gives the architect the …
ARCHITECT’S AND DESIGN PROFESSIONAL’S HIDDEN LIABILITY
(1 days ago) responsible. General liability insurance policies typically contain a “pollution exclusion.” This exclusion eliminates coverage for any liability associated with most hazardous materials, including those not addressed in the specifications for the project. In other words, Architects can be held liable
Standard Form of Agreement Between Owner and Architect
(4 days ago) or umbrella liability insurance policies result in the same or greater coverage as the coverages required under Sections 2.5.1 and 2.5.2, and in no event shall any excess or umbrella liability insurance provide narrower coverage than the primary policy.
How Do the AIA Contract Documents and ConsensusDOCS
(6 days ago) delays, digital documents, interest, property insurance, patents, safety, subcontract assignment, dispute resolution and storage facilities. Overall, 750 has more favorable additional insured terms for subcontractors than the A401 and grants entitlement to added compensation for contractor-directed timing and sequence changes.
Calculating the architect’s fee: Is there a better way
(9 days ago) AIA’s new B101-2017 agreement attempts to bring clarity to the murky world of percentage-based compensation. Architects often set their compensation as a percentage of project costs. After all, the cost to build a project directly relates to its complexity and to the degree of design services the
Floods happen. Are you prepared
(7 days ago) Floods can happen anywhere—more than 20 percent of flood claims come from properties outside the high-risk flood zone, according to the Federal Emergency Management Agency (FEMA). Architects are impacted by flood through exposures at their offices, homes, and clients’ properties. So it’s important to understand what flood insurance covers—and what it does not cover—and what you need
Document A141™ – 2014 Exhibit B
(8 days ago) insurance policy written for the total value of the Project that shall remain in effect until expiration of the period for correction of the Work set forth in Section 11.2.2 of the Agreement. § B.184.108.40.206 The insurance required under Section B.3.2.1 shall include, without limitation, insurance against the perils of
AIA releases updated contracts for multi-family
(5 days ago) Revised residential contract documents address insurance requirements, post-occupancy site visits and maintenance requirements. The updated B109™-2020, Standard Form of Agreement Between Owner and Architect for a Multi-Family Residential or Mixed Use Residential Project now includes a new, optional limitation of liability.
(8 days ago) Available for health and dependent care, plus a premium conversion plan to pay insurance premiums with pre-tax dollars. Income protection . All full-time employees receive life insurance coverage (up to two times your salary) and disability plans at no cost. Employees pay the premium for long-term care plans. Tuition and membership reimbursements
Indemnification Clauses: All You Need to Know
(9 days ago) An indemnification clause is your promise to cover the losses of the other party, usually your client’s, if you cause them harm or cause a third party to sue them. Your Professional Liability Insurance policy will cover you for this risk only when there is proper indemnification language – but not when you agree to language that is excluded from your policy.
(6 days ago) Covid-19: What About My Insurance? > Coronavirus Government Response Resource Center. Federal departments, state agencies and local governments will all be relying on AEC firms to carry out the critical missions needed to manage the COVID-19 response. Deltek has created a Coronavirus Government Response Resource Center dedicated to helping the
Document G715 – 2017
(2 days ago) B. Other Insurance Coverage Yes No N/A 1. Indicate whether the Contractor has the following insurance coverages and, if so, indicate the coverage limits for each. a Professional liability insurance Coverage limits: b Pollution liability insurance Coverage limits: c Insurance for maritime liability risks associated with the operation of a vessel
Beyond $$: What benefits & perks are architecture firms
(2 days ago) Three-quarters of companies provide dental insurance, with a little more than half of those covering some or all of the costs. More than 60 percent of firms offer life insurance, vision care, and/or long-term disability insurance. 83 percent of firms provide a retirement program such as a 401(k), including 100 percent of the largest firms.
Equity, diversity, and inclusion
(6 days ago) The American Institute of Architects, as part of the global community, champions a culture of equity, diversity, and inclusion within the profession of architecture to create a better environment for all. Achieving this vision has a direct impact on the relevance of our profession and the world's
AIA Document Synopses
(5 days ago) the A103™–2017, Exhibit A, Insurance and Bonds. This insurance and bonds exhibit is a critical part of the owner/contractor agreement and should be discussed with legal and insurance counsel. A104–2017 (formerly A107‐2007), Standard Abbreviated Form of Agreement Between Owner and Contractor
AIArchitect This Week Professional Liability Insurance
(3 days ago) Professional Liability Insurance—Options Like Never Before . by Frederick F. Butters, FAIA, Esq. How do you . . . select an appropriate insurance carrier from the wide range currently available. Summary: To assist AIA members in negotiating the complex and ever changing professional liability insurance market, the AIA Risk Management Committee—in collaboration with the American Council of
Virtual Architecture Practice: Alternate Realities for the
(9 days ago) Balancing work and personal life often seems unattainable. However, new forms of practicing architecture—or starting a firm—are delivering the flexibility employees want and the cost savings that firms need. Join us for a close look at the virtual architectural practice model. From soup to nuts, you'll acquire a deeper understanding of legal and insurance requirements,
How a contract negotiation can benefit both architect and
(9 days ago) Our insurance carriers regularly report that the breakdown in communication and project understanding is a big driver in claims. When client expectations are unmet, the disappointment can lead to blame and disputes. Many of those unmet expectations, however, are a direct result of a lack of upfront discussions between the architect and the
(1 days ago) 2.11 Insurance (Owners’) 2.12 Marketing/Promo (Owner Related) 2.13 Notice of Completion 2.14 Homeowners Association . SECTION F - PROJECT RECORDS: FILING AND STORAGE OFFICE MANUAL JANUARY 2015 F5 3.00 REVIEW AGENCIES 3.01 Code and Zoning Requirements/Analysis 3.02 Permits & Fees / Permit Log / Bonds (Agency)
Professional Risk and the Business Case for Resilience
(1 days ago) How do architects develop a compelling business case for resilient design and construction? This course teaches you best practices for guiding developers and building owners on how to best address their level of risk through resilient design, including other risk management strategies such as insurance, grants, and incentive programs. You’ll learn how to raise key questions
Document G612 – 2017
(6 days ago) the contracts for construction. The Owner is responsible for providing the Architect with completed insurance and bonds portions of the Owner-Contractor agreement to satisfy the requirements of this section. The Owner is encouraged to consult with its legal counsel and insurance professional(s) to establish the insurance and
Professional Liability Insurance Carrier Annual Interviews
(5 days ago) the insurance carriers attempt to meet the PLI and risk management needs of design professionals. Further, through the survey process, compiled responses, and this article, our goal is to provide tools that design professionals can use to compare the various PLI carriers and the
AIArchitect This Week Design-Build Insurance Problems
(9 days ago) Additional insurance that should be considered by a design-builder is contractor’s pollution liability (CPL), including a fungus rider. This is a way that damages as a result of mold may be covered. An alternative to the CGL riders and CPL policies mentioned above is for the design-builder to purchase a separate contractor’s protective
AIArchitect This Week Professional Liability Insurance
(2 days ago) Professional liability insurance premiums are based on a three-year revenue average, and most firms had their best revenue years in 2006, 2007, and 2008. A consequence of these profitable years is a high premium for 2009, a time when many firms are struggling and can least afford it.
AIArchitect, September 26, Risk Alert on Mold
(7 days ago) Contractor’s Commercial General Liability insurance shall contain no exclusion that would deny coverage for any claim for either bodily injury or property damage arising out of or otherwise caused, in whole or in part, by any fungus, mildew, mold, or resulting allergens.
Flood recovery resources
(7 days ago) Insurance Institute for Business and Home Safety: Flood. FEMA - First Steps after a Flood. Red Cross - Repairing Your Flooded Home. Creating a Healthy Home: A Field Guide for Clean-Up of Flooded Homes . Online resources for rebuilding . FEMA Homeowner’s Frequently Asked Questions Regarding Flood Mapping. FEMA Build Back Safer and Stronger