Ben Woodward

Not every project is worth the risk. This blog shows how the Go/No-Go process helps architecture and engineering firms spot red flags early and choose clients that set them up for success.

Contracts aren’t just paperwork—they’re your first line of defense. This blog shows how architecture and engineering firms can avoid costly disputes by negotiating fair terms and spotting deal breakers like unlimited liability or vague standards of care.

From August 2023 to August 2024, A&E and construction firms spent $38 billion on mergers and acquisitions, more than triple the number from the previous year. Investments by private equity firms were also at a record high, more than doubling.

As part of our Architects & Engineers coverage, we provide all policyholders with free Risk Management and Loss Control Support. SmartRisk, a leading, independent risk performance consultancy for design professionals, provides these services and a firm-specific risk assessment called an SR Risk Profile.

Good project management is perhaps the most important driver of success for architecture, engineering, and construction firms. Successful project management increases profitability by keeping projects on time and on budget while also reducing risk exposure, which can lead to fewer claims and lower insurance premiums. 

Risk Assessments give design and construction firms a better understanding of their strengths and liability exposures. They can be used to identify strategies and make recommendations to reduce risk, leading to improved risk management, and higher overall performance and profitability. 

The failure to properly document key decisions during the design and construction process is one of the biggest drivers of non-technical professional liability claims against design and construction firms.