Risks are a part of every business venture. You wouldn't have started your own engineering business or architecture firm if you were afraid of a little risk. But as a business owner, that doesn't mean you can throw caution to the wind. You'll need to practice risk management, which means taking steps to limit your risk of lawsuits, protect your sources of income, and shield yourself from financial losses.
What risks are architecture, design, and engineering companies exposed to? On any given day, you'll face situations that could lead to lawsuits and expenses that could cripple your business, including…
- Slip-and-fall accidents on your property.
- Client disputes about the scale, execution, or budget of a project.
- Theft, fire, or vandalism.
- Workplace injuries or accidents.
To learn how to manage your risk, use the following eBooks and articles that outline best practices for engineering and architecture firms.
Have a specific question about your risk management or liability insurance? Contact one of insureon's experts.