Addressing Liabilities from the Coronavirus Pandemic

Addressing Liabilities from the Coronavirus Pandemic

The following material is provided for informational purposes only. Before taking any action that could have legal or other important consequences, speak with qualified legal and insurance professionals who can provide guidance that considers your own unique circumstances. At the time of this writing, the Coronavirus (COVIS-19) pandemic is wrecking havoc with the physical and financial wellbeing of people around …

Preparedness Checklists for Work in Office and From Home

Preparedness Checklists for Work in Office and From Home

We at PCIA continue to monitor the impact COVID-19 may have on your professional services firm. Please feel free to download the checklists (compliments of Agility Recovery) below. These checklists can serve as a reminder while implementing the steps in your firm to navigate these trying times. Preparedness Checklist ► Disaster Recovery Kit ► Emergency Communication ► Evacuation Preparedness ► Pandemic Preparedness ► Privacy Cyber …

Coronavirus Preparedness Checklist PCIA

Coronavirus Preparedness Checklist

We understand there are many unknowns about the Coronavirus at this time. We also know that you are concerned about your employees’ health, your business, and any interruptions that may occur. PCIA is providing a link to gain access to Agility Recovery’s checklist that offers recommendations on what steps to take when planning and responding to the virus. Coronavirus Preparedness Checklist

Joint Ventures: A Viable Option?

Joint Ventures: A Viable Option?

The following material is provided for informational purposes only. Before taking any action that could have legal or other important consequences, speak with qualified legal and insurance professionals who can provide guidance that considers your own unique circumstances. A lot has changed in the design and construction industries in the last decade. Whereas nearly all design and construction projects used …

Cyber Security Risk Management for Technology Firms

Cyber Security Risk Management for Technology Firms

The following material is provided for informational purposes only. Before taking any action that could have legal or other important consequences, speak with qualified legal and insurance professionals who can provide guidance that considers your own unique circumstances. Risk management processes have become increasingly critical for companies that market advanced technology products and services, sell Software-as-a-Service, or use complex technology …

Hackers on the jobsite: Cyber attacks target the construction industry, By Conor Mulcahy, AXA XL Claims Specialist, Cyber Professional

Today’s construction operations are deeply reliant on technology. Drones inspect job sites and return results to cloud-based databases. Wearable technology alerts workers to jobsite hazards. Technology solutions such as virtual reality, augmented reality, connected job sites and advanced tracking help site managers better manage project outcomes and safety, and predict and mitigate risks. Yet all of the technology comes with …

A special 30th anniversary wish for Kim Fricke

On February 18, 2018 we celebrated the 30th anniversary of the founding of PCIA. It was 30 years ago, with a dream, a lot of tenacity and a single-minded drive to succeed, that Kim Fricke started PCIA, to serve the unique insurance needs of architects, engineers, CPAs and lawyers. The year was 1988, and she worked tirelessly to launch her …

Bifurcated or “Split” Indemnity

As we review owner-drafted contracts for our design professional clients, we occasionally will suggest a “bifurcated” or “split” indemnity. We suggest splitting the indemnity when clients insist on including the obligation for the design professional to “defend” the client.  Negotiating and achieving an insurable indemnity with a client is not for the faint of heart.  We find educating the client …

Wire Transfer Fraud: What CPAs Need to Know

CPAs, like other professional service providers, have become targets for wire/fund transfer and social engineering fraud as cyber criminals continue to improve their hacking skills. Nationally and globally, we’re seeing an increase in schemes that trick companies into wiring funds to fraudulent bank accounts. While internal controls are essential, they can only go so far. What’s the Best Course for …