News
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Insurance Update & Design Firm Risk
What is the status of the insurance industry and developing risks for design firms? This article provides information on 10 current and emerging insurance trends, claim patterns and exposures for design firms. This material can help in making more informed decisions including how more favorable insurance terms can be obtained by implementing an effective risk management program.
Considering AI – Read This
The applications of Artificial Intelligence (AI) are a prevalent topic in the design industry with firms exploring a wide range of uses. A recent industry survey revealed;
Is That a Go or No/Go?
Approximately 70% of claims filed against design firms comes from the person who hired you, the project owner. Just because a client wants to hire your firm – doesn’t mean that’s the right client for you. Sometimes the best decision you can make is walking away from a bad client. Great care is needed when selecting clients and projects – and in return will dramatically reduce the chance of working on a problematic, unprofitable project that routinely leads to litigation.