QUICK ANSWER
What makes one architectural practice different from another?
The occupation label is only the starting point. Risk can differ according to the services provided, project types and values, whether the practice undertakes design or specification work, contract administration, surveys, project management or specialist consultancy, the jurisdictions involved, the wording of appointments and the controls used to review work.
ACTIVITIES
Describe the services, not just the title
Relevant activities can include architectural design, technical drawings, specifications, feasibility work, planning support, contract administration, project coordination, inspections, heritage work, interior architecture, BIM-related services and other specialist design or consultancy work. The proposal should distinguish work performed directly from work subcontracted to other professionals.
PROPOSAL INFORMATION
Information that helps explain the professional exposure
- Services provided and the proportion of income from each.
- Annual fee income and projected income.
- Typical and largest project values.
- Residential, commercial, public-sector or specialist project mix.
- Largest clients and significant contracts or appointments.
- Territories and jurisdictions in which services are delivered.
- Use of subconsultants and how their work is appointed and checked.
- Previous claims, complaints, circumstances or known disputes.
CONTROLS
Evidence of review and governance matters
Useful evidence can include written appointment procedures, scope definition, contract review, design checking, peer review, document control, change management, quality procedures, subconsultant due diligence, continuing professional development and a clear process for escalating complaints or potential claims.
RELATED GUIDANCE
Place the occupation within the wider proposal
Return to Business Occupations & Risk Profiles, or use the Commercial Insurance Proposal Guide to prepare the wider business information an insurance professional may need.