Soon thousands of college students will head back to campus in order to tackle new subjects. One of the most popular college courses is management. Essentially, nobody should be surprised by this because business colleges and business courses continue to see increasing enrollment. This rise is related to the increasing need for quality managers in all businesses. Management relies heavily on two things: knowledge and communication. A student in a management course will likely hear a quote like this on the first day of class:
“Management means, in the last analysis, the substitution of thought for brawn and muscle, of knowledge for folklore and tradition, and of cooperation for force.”[i]
What Peter Drucker means when he says this is that success depends upon the twin pillars of management: knowledge and communication.
How does this relate to Architects and Engineers insurance?
Small firms may lack the experience and knowledge to manage expectations for newly awarded projects that may be their largest to date. So they must be covered by A & E insurance while they learn. In addition, claims can also arise from feasibility studies, delays in projects, faulty cost estimates, or sub-contractor error. These are knowledge issues.
Communication problems also present a serious risk to businesses. Surprises when building or consulting on a large project may be costly. In all of these situations, the architect or engineer may not make an obvious error, and this is one of the strongest reasons why a smart A & E insurance portfolio is necessary, and it is why smart managers know that protecting their assets and their good reputation is vital. Managers in every field connected to architecture and engineering need to have quality insurance. It is smart management.
Stuckey & Company’s Aspire A & E program is unique because it addresses the technical aspects of the risks commonly faced by architects and engineers. Dwight Stuckey, president of Stuckey & Company, believes his firm’s ability to speak and understand the technical language of architects and engineers gives them an edge. And in a world in which knowledge and communication are so central to good management, it makes sense to go with Stuckey & Company: they know how A & E insurance works.
The target accounts for Aspire A & E are businesses with $1,500,000 or less in revenue in any state, except Alaska and Hawaii.
For more information contact Dwight Stuckey at: 800-828-3452 x 22, or via email at:
dwight@stuckey.com
In this FREE 30-minute webinar, Tracey Hagy-Kelly of The Hartford will discuss how XactPAY Web® links directly with your clients’ payroll through QuickBooks®, allowing Workers Comp premium payments to more accurately reflect monthly revenues.
