Engineering News-Record

Gaps in Insurance Possible When Using Staffing Firms

Tue, 22 Mar 2016 01:01:00 -0400

A scarcity of craft workers raises issues important in construction risk management

Some Insurance Coverages To Consider Right Away

Wed, 23 Dec 2015 00:00:00 -0500

Shortest Article on Indemnity Ever

Fri, 11 Sep 2015 13:00:55 -0400

OSHA Turns Up The Heat: Is Your Illness Prevention Program Compliant?

Mon, 13 Jul 2015 00:00:00 -0400

Having an effective Heat Illness Prevention Program has been a given for a number of years. However, recently there have been some significant changes and requirements that became effective on May 1, 2015. Is your program up to date with these changes? Have you re-trained your employees with this new information?

I've Been Sued! Now What?

Mon, 23 Mar 2015 18:27:53 -0400

I’ve Been Sued! Now What? Dealing with our litigation system can be frustrating, expensive, time-consuming and emotionally draining, but for most contractors, litigation is an unfortunate fact of life. The key to effectively dealing with litigation is to know what you should and should

The Insurance Marketplace: What Can You Expect in 2015?

Fri, 12 Dec 2014 00:00:00 -0500

For many engineering companies, insurance is one of their largest costs. When you add up premiums for Professional Liability, Property & Casualty, Workers’ Compensation, Employee Benefits, Life Insurance and other lines of coverage, it can often total 5% of revenues or more. The type of work you do, your

Learn to Recognize the Warranty Wording..And Avoid It!

Mon, 13 Oct 2014 17:54:09 -0400

You can sign the worst contract in the world, and if nothing goes wrong on the project, it won’t matter. You may never look at the document again. If however there is a problem on a project, the contract will be scrutinized to determine each parties obligations and responsibilities.

How Effective is Your Communication SOP?

Tue, 03 Jun 2014 12:16:45 -0400

In its 2014 Professional Liability Survey, the ACEC discovered that poor communication is involved in nearly 50% of all claims. XLDP, a major writer of professional liability insurance for design professionals, has been aware of this for years. Their “Risk Driver” studies have identified numerous

Non-Owned Autos and What You Need to Know

Wed, 02 Apr 2014 00:00:00 -0400

Sally is your receptionist, and she will occasionally run errands for your company in her own car. You pay her the IRS recommended auto reimbursement, but it never crosses your mind to check Sally’s driving record or to see if Sally has insurance, let alone adequate limits of coverage. Sally is driving to Office Depot

Are Your Liability Limits Adequate?

Thu, 30 Jan 2014 00:00:00 -0500

The time of a claim is not the time to wonder if your liability limits are adequate.

State of the Insurance Market…and What it Means to You!

Mon, 04 Nov 2013 18:11:11 -0500

Many of our Engineering clients are starting to budget for 2014. One of the major expense items is insurance and the purpose of this article is to explain where the industry is in the insurance cycle and what you can expect to see in 2014.

Personal Risk Management

Tue, 01 Oct 2013 19:18:44 -0400

Keep Talking…the Advantages of Alternative Dispute Resolution

Tue, 06 Aug 2013 12:39:42 -0400

Litigation is hugely expensive, time consuming and emotionally draining. Although litigation has its place, in most cases it is an ineffective way to resolve business disputes.

When OSHA Comes Calling…What Does Your IIPP Look Like?

Mon, 03 Jun 2013 20:46:15 -0400

Don’t know what an IIPP is? OK, you had better read this.

If Disaster Strikes...Are You Prepared?

Mon, 01 Apr 2013 15:30:51 -0400

According to the forecasting firm Eqecat, Superstorm Sandy may be the second most expensive storm in U.S. History. The death toll is 175 including at least 106 in the United States. Estimated economic damage is $30-$60 Billion.

Thank You Ed Howell!

Thu, 31 Jan 2013 14:27:48 -0500

Most engineers have never heard of Ed Howell, but Ed Howell has directly benefitted every engineer practicing in the U.S. today! So what did Ed do and how did he benefit the engineering profession?

Perfect Plans: Don't Be Held to an Impossible Standard

Thu, 06 Dec 2012 14:37:18 -0500

The perfect set of plans has yet to be drawn, yet you could be held to that standard if you are not careful. It is important to realize that the law does not require you to be perfect. The law only requires that you perform your services with the ordinary degree of skill and care that would be used by other reasonably

The Perfect Set of Plans

Thu, 06 Dec 2012 14:34:46 -0500

Your Website...and Why it Might Jack Up Your Insurance Premiums!

Fri, 10 Aug 2012 14:01:18 -0400

Most companies use their websites as an electronic brochure, and are inclined to list just about every service they can provide, whether or not they have provided it in the past. While this might be good for business generation, it could adversely affect insurance availability and premiums.

Perfection Not Required: Beware Standard-of-Care Contract Clause Traps

Tue, 26 Jun 2012 17:16:49 -0400

The Law Does Not Require Perfection!

Are You Covering the Basics in Design Firm Risk Control?

Mon, 07 May 2012 00:00:00 -0400

While even the best run firms may suffer a professional liability claim, firms that proactively manage their risk are going to have fewer claims and firms that have fewer claims are going to be more profitable. Risk management is a complex topic, but there are some basic strategies that are used by well-run firms to lower the frequency and severity of professional liability claims.

When a 'Newbie' Underwriter Prices Professional Liability Coverage 25% Lower Than Competitors...

Fri, 06 Apr 2012 19:18:56 -0400

The insurance industry is experienc ing the tail end of a prolonged soft market. Rates for most businesses have been coming down since 2002/2003, due mainly to excess capacity in the industry. Insurance has always been supply driven, and as surplus goes up, rates come down.