The Project
Architects: Claims by Project Type (2010 - 2019)
No two projects are alike. Even if your practice is concentrated on one particular project type, such as schools, no two sites are alike, so the projects themselves will be different. After evaluating your client, it is important to evaluate the project. Some projects are riskier than others in terms of the frequency (reported claims) and severity (costs paid by CNA) of claims. For example, according to these charts, condos projects were a relatively high risk for architectural services, but these projects were a lower risk for mechanical, electrical, and plumbing engineers. Another factor to consider is the region in which a particular project is located. For example, in the East, West, and Midwest, schools/colleges projects represented the highest frequency of claims for larger firm architects, but in the South, condos had the highest frequency of claims within the same group. For more information on frequency and severity of claims for various projects in each region, refer to our benchmarking information and claims and case studies .
30%
25%
20%
15%
10%
5%
0%
Apartments Retail/
Healthcare Facilities
Houses/ Townhouses
Condos Schools/ Colleges
Office Bldgs/ Banks
Restaurants
Frequency = reported claims
Severity = CNA dollars spent
Engineers: Claims by Project Type (2010 - 2019)
12%
10%
8%
6%
4%
2%
0%
Apartments
Condos Schools/ Colleges
Highways
Office Bldgs/ Banks
Houses/ Townhouses
Land/Site Development
16 • From Risk to Profit - Benchmarking and Claims Studies
Victor
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