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risk management
5 Risk Management Procedures Your Law Firm Needed Yesterday Last year, I wrote an article on the importance of risk management in law firms, and why it is necessary to help firms run more smoothly, and, above all, avoid claims. But understanding that risk management is important is just a piece of the puzzle. Knowing...
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Contract review for A&E firms
The Importance of Contract Review for Your A&E Firm While there are many ways an Architecture, Engineering or Design Firm can manage their risk in providing their services to a 3rd party, a thorough contract review is of utmost importance. With the complex services offered by A&E firms, coupled with the sometimes-challenging projects, an A&E...
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Over the next couple of decades, the United States will see unprecedented growth in its senior population as the “Baby Boomer” generation (born between 1946 and 1964) ages. Over 10,000 baby boomers turn 65 every day.  With this influx of aging boomers, increases in healthcare demands will be seen throughout the healthcare industry, with the...
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When thinking about the risks that law firms may encounter on a day to day basis, your mind may go straight to malpractice.  But the truth is, the risks that attorneys face go far beyond negligence.  Good risk management in law firms is one of the most important factors insurance companies look for when determining...
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Beginning around 2005, title agencies were getting flooded with a ton of business thanks to a boom in the housing market.  Years later, there was a crash in the real estate market that caused many people around the nation to lose their homes.  These homeowners were getting hung out to dry and were looking for...
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One of the most important things an architecture, engineering or design firm can do to keep themselves free of unwanted claims is to have a strong risk management program in place.  With the complex services provided, coupled with the often-challenging projects, an architecture or engineering firm’s success depends on being able to not only provide...
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