Blog Archives - Page 17 of 30

Architecture Students: We Expanded Our Scholarship! (Deadline: November 29)

By Lynda

a/e ProNet is excited to announce the expansion of the a/e ProNet David W Lakamp/AIA Scholarship. For more than two decades, our organizations have partnered to award two scholarships each year to rising senior or graduate architectural students. At the annual a/e ProNet meeting in Chicago this September, our Board of Directors authorized the increase of the scholarship amount from $2,500 to $5,000 apiece. These changes will take effect with the 2013 scholarship. The deadline for this year’s scholarship application is November 29.

Visit our website for more details about this scholarship for architecture students. Applications and submission details can be found at the AIA website. Applications and supplementary materials can be submitted via email to pmkc@aia.org in PDF format.

In 2012, two recipients were awarded the a/e ProNet David W. Lakamp Scholarship. To read their case study topic responses, please click here.

Questions? Please send inquiries to: pmkc@aia.org

Insurance 102: Property Coverages for Architects & Engineers

By Lynda

This issue of ProNetwork News is meant to serve as a basic reference guide to the property insurance coverages typically purchased by design firms. Last month we posted a companion piece, Insurance 101: The Things You Always Wanted to Know About Liability Coverage But Were Afraid to Ask.

We continue our overview of insurance products of interest to design professionals with this review of property coverages that may apply to the needs of your particular practice. As always, we encourage you to ask your broker what insurance is right for you.

BUSINESS PROPERTY INSURANCE

Whether you lease or own your office, you need to insure office equipment, furniture, fixtures, computer equipment, phone systems, fax/copiers, valuable papers and fine arts for fire, theft and water damage. Insuring these valuables for “replacement cost” on an “all-risk form” means that your business is most likely to be reimbursed properly for a covered loss. If you lease furniture and equipment, the lessor will require this coverage and will be designated as a “loss payee.” Landlords of rented property usually require their tenants to maintain property coverage for the rented space to cover improvements and betterments provided to the leaseholder.

Since most design firms are heavily dependent on computer systems, it is important to properly inventory equipment and software.. For example, the cost to reproduce plans and specifications kept on computer files is significant when considering the insured value of valuable papers and records. However, no limit of insurance is a substitute for reliable backup procedures.

Stand-alone IT coverage packages, including security breach, are evolving almost daily. They can cover both first party losses (yours) and third-party losses (those for which you may be liable to others). Ask your broker what products may best apply to your needs.

VALUABLE PAPERS INSURANCE

A/E firms have in their possession valuable papers and documents whose destruction would prove very costly. Maps, plans, specifications and books are some examples. All-risk protection is generally available excluding wear and tear, gradual deterioration and vermin. Certain valuable papers may be insured specifically, or “scheduled.” More commonly, a blanket limit is established to cover all valuable papers. Articles insured on a blanket basis are covered for their replacement cost. Scheduled items are covered on a valued basis even though it is not possible to replace them with like kind and quality. Continue reading “Insurance 102: Property Coverages for Architects & Engineers”

Natural Disasters: Earthquake and Flood Protection for Architects & Engineers

By Lynda

In an effort to demystify some of the concepts and to provide a ready reference, a/e ProNet gathered some of its finest insurance minds and put together this list of typical coverages for design professionals. This is not intended to be an exhaustive source of information but rather a primer designed to answer basic questions and to put the reader on the right track if more information is needed. Today, we’ll touch on Earthquake insurance and Flood insurance for Architects and Engineers:

EARTHQUAKE COVERAGE

Earthquake hazards in the United States are commonly associated with Western States and in particular California, however in past history, significant earthquakes have occurred on other states including South Carolina, Missouri, Ohio and Alaska. Because in the mid-states of the US a significant earthquake hasn’t occurred for more than 100 years, people have become very complacent about a reoccurrence. Some experts say it’s not a matter of “if” but “when.” As a result of this casual attitude, a high percentage of real and personal property is not currently insured for this hazard. A further concern is that building structures in these mid-state areas are not constructed to resist earthquake damage such as most new construction in California and other western states are. Keep in mind that loss is not limited to the direct damage to property. Severe earthquake may interrupt public transportation, damage roads and bridges that prevent the movement of private vehicles. Many utilities including electricity, water, fuel gas, and sewage may be interrupted for long periods of time. Every firm would be well served to investigate Earthquake Coverage for their building and contents coverage, even though the risk of loss seems remote.

Most Earthquake coverage is written on a “Difference in Conditions” insurance form, attached to standard property policies. This form originally included a multitude of “All Risk” coverages offered with earthquake added as an insured peril. The evolution of this coverage form has changed the focus to coverage from “All Risks of Loss” to focus on earthquake, Sprinkler Leakage, and Flood and does not include landslide, subsidence or soil movement unless it is caused by Earthquake. Continue reading “Natural Disasters: Earthquake and Flood Protection for Architects & Engineers”

Why should Architects & Engineers use a specialist Insurance Broker?

By Lynda

At our fall meeting last month, a panelist asked an important question:

Why is an insurance broker necessary for design professionals? Shouldn’t architects and engineers be able to access insurance companies and purchase Professional Liability policies directly?

Members of a/e ProNet are professional, independent brokers who serve the insurance needs of design professionals. Membership in our association is by invitation only, and members must be experienced and have a minimum number of design professional clients, as well as a minimum amount of premium volume. Our members must also provide their clients with services beyond the sale of a professional liability policy.

In addition to knowing the professional liability marketplace, they negotiate the best product at the best price for their clients. That negotiation happens every year at renewal time, and because our members are independent—not obligated to any one insurance company—they are in the best position to compare and contrast policies. Often, the time and expertise this process requires is underestimated by A/E clients. With a specialist broker, the A/E can rest assured that they have an advocate annually, both in relation to their bottom line and their exposure as a professional in a demanding and risky environment.

Most importantly, though, that advocacy doesn’t end when the renewal has been processed. The rest of the year, our members’ clients can count on their specialist brokers to provide services such as contract review, accredited continuing education, and other risk management services. Continue reading “Why should Architects & Engineers use a specialist Insurance Broker?”

Koning Eizenberg Wins at World Architecture Festival

By Lynda

We’d like to congratulate Santa Monica architecture firm Koning Eizenberg on their recent win at the 2013 World Architecture Festival! They received the prestigious Housing Award for their 28th Street Apartments project in Los Angeles, California.

The World Architecture Festival, held in Singapore earlier this month, gathered over 1,750 architects from around the world to exchange ideas and inspiration for design. This year, only 15 of the 260 shortlisted projects were from the USA, and Koning Eizenberg was the only American firm to receive an award.

Referring to the 28th Street Apartments, the judges noted: “This project demonstrates architecture as an agent for social transformation. The architect was able to knit together historical continuity and something very new, something of high architectural value.”

Koning Eizenberg’s website describes the project this way: “The restoration and expansion of a landmark YMCA built in 1926 restores principal spaces, reconfigures original housing, and innovatively adds replacement units. The design re-establishes this building’s role as an important community focus and brings living quarters in compliance with contemporary standards.” Read more on their website.

It’s so exciting to see our members’ clients set themselves apart on the world stage this way. Well done, Koning Eizenberg!

Shout-Out Credit:

Alicia K. Igram, AAI, VP & Branch Rep
Design & Consulting Liability Specialist
IOA Insurance Services – Aliso Viejo, CA
Email: Alicia.Igram@ioausa.com / Phone: 949-680-1789

Did you hear the one about the architect?

By Lynda

For Monday, a few jokes about our favorite professionals… architects & engineers:

After working with our design staff for months on the renovation of an existing building for our office, we asked ourselves, “How many architects does it take to design an architect’s office?” The answer: too many! — Linda Derivi, AIA

When a surgeon makes a mistake they bury the patient. When an architect makes a mistake all one can do is plant vines. — Tim Stormont

An architect is said to be a man who knows a very little about a great deal and keeps knowing less and less about more and more until he knows practically nothing about everything, whereas, on the other hand, an engineer is a man who knows a great deal about very little and who goes along knowing more and more about less and less until finally he knows practically everything about nothing. A contractor starts out knowing practically everything about everything, but ends up by knowing nothing about anything, due to his association with architects and engineers. — AglaiaDaae

The optimist says the glass is half full. The pessimist says the glass is half empty. The engineer says the glass is twice the size it needs to be. — MukMan

Inspired by a recent post on the AIA California Council blog.

a/e ProNet Holds Annual Meeting in Chicago

By Lynda

Chicago, IL, October 01, 2013 –(PR.com)– This week, a/e ProNet will hold its annual fall meeting at the Embassy Suites Downtown/Lakefront in Chicago. a/e ProNet is a nationwide network of independent insurance brokers specializing in the professional liability needs of architects and engineers.Members from across the country will convene to meet with representatives from several top-tier professional liability insurance companies and discuss changes in the industry, as well as to participate in a number of smaller events.

Over the course of the three-day meeting (October 2—4, 2013), eleven professional liability insurance carriers are scheduled to make presentations: RLI, Travelers, Hanover, AXIS, Catlin, HCC, Liberty, Beazley, Navigators, AllRisk and Victor O. Schinnerer. Each presentation will include information about the insurance company’s products, policy forms and endorsements, claims, risk management offerings, etc.

On Thursday night, a/e ProNet will host a reception for its members and insurance company representatives, as well as members of the Risk Management Committees of NSPE, AIA and ACEC. The reception will be held at The Rookery in Chicago, a space designed by Frank Lloyd Wright.

Established in 1988, a/e ProNet’s member-brokers represent a combined annual professional liability premium volume exceeding $300 million. At this meeting, a/e ProNet will explore the possibility of extending its scope to include Lawyers Professional Liability insurance. To that end, five insurance companies (Beazley, AXIS Capital, Catlin, Travelers and Ironshore) will present on their lawyers’ professional liability insurance program offerings, as well.

Learn more about a/e ProNet

a/e ProNet offers a wide range of Risk Management resources to all design professionals via the a/e ProNet website including: Practice Notes, Guest Essays, ProNetwork News, Contract Concerns, Typical Coverages and Frequently Asked Questions. For relevant industry news and risk management information, you can also follow The ProNet Blog and/or follow a/e ProNet on Twitter.

Airbnb is a Trip for Architecture Lovers

By Lynda

Kubuswoningen in Rotterdam, Netherlands.

The idea was simple: Give people the opportunity to rent private residences around the world at a nightly rate. Wouldn’t travelers jump at the chance to stay someplace cozy, someplace with a kitchen, someplace, perhaps, cheaper than a hotel would be in the same city?

Start-up success story Airbnb, founded in 2008, capitalized on this market and proved every one of those assumptions absolutely correct. They also uncovered a previously unanticipated perk of their private-owner-to-private-traveler model: It can be a design-lover’s dream!

Architectural Digest posted on this recently, pointing out that the Airbnb “fairy tale has an especially happy ending for design aficionados. At the same time that the company’s founders… have delivered a radical jolt to the travel industry, they have also unlocked a previously inaccessible world of inspiration to architecture buffs around the globe.”

The spectrum of home-types available for rent on the Airbnb site stretches farther than you’d expect, from yurts to Frank Lloyd Wright-designed homes to igloos to penthouse apartments. This means anyone with an open weekend and the desire to immerse himself in a spectacularly designed home can do it for a price.

Check out a slideshow of Airbnb’s most drool-worthy spaces for rent around the world. Happy Trails!

Leddy Maytum Stacy Architects No. 1 in Sustainable Design

By Lynda

a/e ProNet client Leddy Maytum Stacy Architects of San Francisco has been named to Architect Magazine’s Architect 50 again, and this time they’ve received a top honor!

Earlier this year, we blogged one of LMSA’s award-winning sustainable projects, the Merritt Crossing Senior Apartments in Oakland, California.

Find out more about the Architect 50 at Architect Magazine’s website, including the Top 50 Business, Top 50 Design, and Top 50 Sustainability.

Congratulations, LMSA!

Shout-Out Credit:

Leslie Pancoast, CIC, RPLU
Managing Partner
IOA Insurance Services – Pleasanton, CA
Email: Leslie.Pancoast@ioausa.com / Phone: 925-416-7862