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Joseph H. Jones Jr., Esq. AIA, Frank D. Musica, Esq., Assoc. AIA, and
Lorna M. Parsons, Victor O. Schinnerer & Company, Chevy Chase, Md.
Knowing how similar firms stack up in terms of professional liability claims provides a valuable asset when planning the future of a professional practice. Using the AIA Commended Program of professional liability insurance, we’ll examine claims statistics for firms of all sizes and locations and from specific project types; and use actual case studies to determine what went wrong.
Learning objectives:
- Identify who brings claims according to project type
- Recognize what claims cost by type of claim and type of project
- Adjust practice management and compensation according to firm exposure.
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