Sharkitecture.NET » Insurance http://sharkitecture.net Study Guide for the California Supplemental Exam Tue, 27 Jan 2009 21:58:26 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 How will you manage the liability of an architectural practice? Who will you consult with regarding these decisions? http://sharkitecture.net/2009/01/how-will-you-manage-the-liability-of-an-architectural-practice-who-will-you-consult-with-regarding-these-decisions-2/ http://sharkitecture.net/2009/01/how-will-you-manage-the-liability-of-an-architectural-practice-who-will-you-consult-with-regarding-these-decisions-2/#comments Sun, 25 Jan 2009 04:33:50 +0000 admin http://sharkitecture.net/?p=202 • Set a high standard for product quality control; including internal and peer reviews as well as consultation with experienced professionals.
• Make sure all company records are complete and up-to-date;
• Be sure employees are properly trained;
• Get safety tips for your type of business from your insurance company.

Consult with an attorney and financial advisor regarding the legal and tax implications of the specific business entity used. I will also consult with an insurance agent to determine the appropriate policies to cover my specific office’s liability exposure which will most likely include general liability coverage, employer’s liability coverage and professional liability coverage including errors and omissions coverage.

]]> http://sharkitecture.net/2009/01/how-will-you-manage-the-liability-of-an-architectural-practice-who-will-you-consult-with-regarding-these-decisions-2/feed/ 0 Name 3 items covered by general liability insurance http://sharkitecture.net/2009/01/name-3-items-covered-by-general-liability-insurance/ http://sharkitecture.net/2009/01/name-3-items-covered-by-general-liability-insurance/#comments Sun, 25 Jan 2009 04:15:15 +0000 admin http://sharkitecture.net/?p=190 Covered liability claims include bodily injury, property damage, personal injury, and advertising injury (damage from slander or false advertising).

a) Inflicting damage to the client’s property and his equipment
b) Causing injury to the client and his employees
c) Inflicting damages to neighbors and other contractors on the site
d) Protection against financial loss
e) Protection against damages to rented equipment

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