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Using ERM to strengthen your firm

1385 Ames & Gough Category_Articles COVID-19 enterprise risk management ERM insurance professional liability insurance risk Rob Hughes

Using ERM to strengthen your firm

By Rob Hughes | Enterprise risk management provides a formal process for firms to examine their critical risks in context, and implement cost-effective risk management and risk-financing solutions.

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Serving others: Mike Schnaare

1380 annual retreat aspirations award winning award winning healthcare projects backlog beautiful bring dreams to life bring everyone together bring people together build great leaders Business Development business partner career growth career path Category_Articles celebrate challenging times Change City Foundry STL client challenges client interests client relationship Clients collaborative working relationship commitments communicate communication connect connect with clients Construction core value core values coronavirus COVID-19 create something beautiful creative culture Design Development diversity Effective employee development Entrepreneurship failure firm performance flexibility flexible flexible work environment focus on clients follow through Founders fully remote Fun Goals good design Great Recession grow Growth healing environments healthcare healthcare construction healthcare team help them succeed ideas identify your replacement inclusion incoming leadership influence Innovation Inspiration interests internal promotion IT job satisfaction Lawrence Group Leadership leadership training leadership traits leadership transition lesson learned Liisa Andreassen marketing meaningful solutions mentor mentor new leadership Mentors mentorship Mike Schnaare Motivate multi-generational needs new leadership opportunity outgoing leadership Ownership Transition pandemic pass the baton PEO Performance power of design practical predict predict cashflow predict workload President production q&a range of perspectives range of talents recognition remote work Responsibility retain top talent Retention risk same goals serve clients serve the community serving others shared experiences sliding scale St. Louis stay connected strengths succeed talent development Technology technology upgrade telecommuting Training traits of a leader Transition transparently Trust urban redevelopment vacant value clients value them virtual virtual desktops virtual meetings wellness facilities work from home work remotely work together work-life balance working toward same goal

Serving others: Mike Schnaare

By Liisa Andreassen | President of Lawrence Group (St. Louis, MO), an integrated design, development, and construction firm using the power of people with great ideas to bring clients’ dreams to life.

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Hidden risks in design contracts

1379 accurate information affirmative duty Ames & Gough Architects Architecture as-builts backlogs broad language Category_Articles Consultants contract contract clause contract clauses contracts contractual assumptions contractual language coronavirus coverage COVID COVID-19 design contracts disguised language Engineering Engineers environmental investigations error excessive risk exposures fiduciary fiduciary relationship force majeure clause force majeure provisions geotechnical engineering government guidelines guarantee of schedule hidden risks highest standards Hiring implications indemnification insurance insurance broker key words liability liable negligence negotiate contracts on budget on time onerous language owner supplied information pandemic Partner Performance policy limitations problematic problematic language professional service agreements project interruptions project shutdowns reasonable standard of care remote work Revenue risk risks risky contract risky contracts Rob Hughes Schedule standard of care standard policy limitations subconsultants subtle language sue trigger event trust account uncertainty uninsured uninsured exposures vice president vigilant written warranty

Hidden risks in design contracts

By Rob Hughes | This subtle but onerous language is becoming fairly widespread in design contracts and, if overlooked, could leave design firms with significant, potentially uninsured exposures.

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Stable and competitive

1370 Acquisition acquisition endorsements Ames & Gough capacity Category_Articles claim record claims climate change competitive competitive quotes contract hygiene coverage COVID-19 cybersecurity design resiliency drone liability coverage due diligence Economy exposure insurance insurance coverage Jared Maxwell lower risk Merger pandemic Partner Performance professional liability insurance Profitability rate action rates rectification coverage renewals risk risk management specialist broker stable Strategy subconsultants successful renewal Tom Marchetti uncertainty underwriters vice president vulnerability

Stable and competitive

Design firms in the process of renewing their professional liability insurance will find the marketplace generally stable and competitive, even amid uncertainty created by COVID-19.

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Trends accelerated by COVID-19

1368 accelerated trends AEC industry affordable housing Category_Articles city climate climate change climate migrants climate refugees climate risk coronavirus courtship COVID COVID-19 earthquakes economic changes flexible flexible work environment fluid work environment fluid workplace Frank Knight geography geography trends Growth hurricanes Jamie Claire Kiser job markets Knightian Uncertainty location M&A M&A growth M&A Next M&A Next Symposium M&A strategy market research migration migration patterns mobility Opportunities outcome pandemic quality of life racial equity real estate real estate market remote work risk risks social changes Strategy suburb suburbs Trends vaccine wildfires work from home Workplace ZG Team

Trends accelerated by COVID-19

By Jamie Claire Kiser | Companies are adopting fluid work from home policies and people have begun migrating away from dense cities.

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