Greyling Insurance Brokerage & Risk Consulting, a division of EPIC

Unlocking the Benefits of Project-Specific Professional Liability Insurance in Progressive Design-Build Projects In this article we explore the critical role of project-specific professional liability (PSPL) insurance in progressive design-build (PDB) projects, providing a deep dive into the unique risks these projects present and how tailored insurance solutions can effectively mitigate those risks. Key Highlights:  • What is PSPL: Learn the types of PSPL insurance and how it is an effective mitigation tool.  • Why PSPL for PDB Projects: Learn how PSPL policies offer more comprehensive protection compared to traditional insurance solutions, ensuring security and protection throughout the project lifecycle.  • Case Study: An illustration of how a PSPL policy can help ensure project delivery. This article is a must-read for project managers, design professionals, owners, contractors, project counsel and anyone involved in the design-build process. It offers valuable insights that can help you navigate the complexities of professional liability and enhance your project’s success. #DesignBuild #ProfessionalLiability #Insurance #ProjectManagement #ConstructionIndustry --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC Insurance Brokers & Consultants, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Kristen Walker Senior Vice President [email protected]

🔑 Unlocking Insurance Savings for Engineering Firms In a market where insurance premiums keep rising, some AEC firms are paying up to 78% less. How? Group captives. At Greyling, we've helped clients save millions by rethinking risk transfer. One firm cut nearly $16M over a decade. Curious if this approach fits your risk profile? Our "Group Captives 101" guide breaks it down: • What are group captives? • Do you qualify? • Real-world AEC case study • How good risk management gets rewarded 🔗 Visit https://lnkd.in/efEwUBnJ to read and download. Stop subsidizing other firms’ claims. Start taking control. #RiskManagement #EngineeringFirms #GroupCaptives --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC Insurance Brokers & Consultants, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Matias Ormaza Managing Principal [email protected]

Global expansion can bring immense benefits. Careful execution, however, is necessary for your firm to navigate the challenges that come with going global. Read and download this article to learn more about the risks and best practices associated with pursuing international business. #international #architects #engineers #designprofessionals --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Leo Argiris, PE, LEED AP Executive Managing Principal [email protected]

Renewable energy is booming, with a projected 17% growth this year, accounting for nearly 25% of electricity generation. As engineering firms capitalize on this surge, they must navigate unique risks. Download our report to uncover the potential risks in renewable energy projects and strategies to mitigate them, ensuring your firm's success in this thriving sector. #renewableenergy #architects #engineers #designprofessionals --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Ross Bundschuh, JD Vice President [email protected]

Global expansion can bring immense benefits. Careful execution, however, is necessary for your firm to navigate the challenges that come with going global. Read and download this article to learn more about the risks and best practices associated with pursuing international business. #international #architects #engineers #designprofessionals --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Leo Argiris, PE, LEED AP Executive Managing Principal [email protected]

How sure are you that your firm has adequate insurance coverage to protect your firm’s assets and minimize risks? It is critical that ERISA coverage matches the evolving asset size of your firm. Read and download this bulletin explaining what ERISA coverage is, how to avoid duplication, and ensure your firm has the right coverage. #erisa #architects #engineers #designprofessionals #construction --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Kristen Walker Senior Vice President [email protected]

Over the last three years, more than AEC 400 companies have been acquired annually, a pace unprecedented and twice the rate observed a decade ago. These acquisitions by private equity (PE) firms usher in complex challenges tied to a specific time frame for targeted return on investment. Consequently, AEC firms need to learn how to anticipate and navigate the expectations of PE investors to build and maintain a strong working relationship over time. Read this article to learn what you need to know about PE investment in AEC firms. #privateequity #architects #engineers #designprofessionals #construction --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Gregg Bundschuh, JD Co-Founder & Managing Principal [email protected] Gregg Bundschuh is a co-founder and an equity partner of Greyling Insurance Brokerage. He is nationally recognized for his active role in addressing emerging issues that affect the construction, design, and development communities. He advises clients of the firm on their insurance programs and risk management strategies. He also provides guidance to industry organizations such as the Associated General Contractors of America (AGC), the American Institute of Architects (AIA), the American Council of Engineering Companies (ACEC), and the National Council of Architectural Registration Boards (NCARB). Gregg’s unique perspective on risk and insurance issues reflects his background as a construction lawyer, a general counsel to an international design firm, and an insurance broker and risk consultant. Gregg’s experience includes design of customized insurance policies for risks associated with building information modeling (BIM) and integrated project delivery (IPD). He has developed insurance and risk management programs for domestic and international firms in a wide range of industries. In addition, he has spoken before dozens of national and international gatherings concerned with design, construction, risk management, and insurance matters.

According to 55% of directors at AEC firms, the greatest barrier to creating business value with AI is identifying the right use cases. While the potential for enhanced precision and efficiency is promising, AI introduces a layer of complexity regarding accountability. Allowing AI to operate without proper oversight and ethical considerations could lead to legal, financial, and reputational consequences for AEC businesses. Read this report to learn about the risks, legalities, and best practices that much be considered when integrating AI into your business practices. #artificialintelligence #architects #engineers #designprofessionals --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Leo Argiris, PE, LEED AP Executive Managing Principal [email protected] Mr. Argiris is responsible for leading client and employee engagements, risk management consulting, and business development. Argiris brings over 39 years of experience in driving growth and managing day-to-day operations for large, international engineering and design firms. Argiris is a knowledgeable and well-respected leader in the global design and construction industry. Argiris holds a Master of Engineering from the Albert Nerken School of Engineering at The Cooper Union, where he serves as an adjunct professor, and an M.B.A. from the Zicklin School of Business at Baruch College. 

Greyling Celebrates Women in Construction! WOMEN IN A/E/C: Welcoming and positive environment for Women in leadership positions in their A/E/C firm in Human Resources, Legal, Finance, Operations, and Executive Management roles to network and share. Greyling is hosting our first Women in A/E/C event of 2024. We’ll be gathering at the beautiful new TVS headquarters in Midtown Atlanta where we will be treated to a tour of their office, including how they incorporated human and planetary health into the new design. In addition to the tour, our conversations (no speakers) during the event will focus on these topics:  • Artificial Intelligence – How is your firm utilizing AI and how are you managing potential copyright infringement and your firm’s intellectual property.   • Succession Planning – Does your firm have a strategy in place to grow the next generation of leaders and address an upcoming retirement wave?  • Staffing Issues – How are you managing the expectations of our newest hires? Register to attend:  https://lnkd.in/eRJQc54f #womeninaec #architects #engineers #designprofessionals --------------- Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment. Kristen Walker Senior Vice President [email protected]

Greyling congratulates Volkert, Inc. as it begins celebrating 100 years of improving the nation’s infrastructure and the built environment. Committed to 100% employee-ownership, Volkert has for a century now been Delivering the Future of Infrastructure.   Greyling is proud to count Volkert among our clients. Here’s to the next 100 years of committed service! #architects #engineers #designprofessionals --------------- Greyling is a specialty insurance brokerage and risk consulting focused on construction and design professionals. We understand how our clients’ businesses operate based on personal experience and we influence exceptional management of risk across their enterprises and construction projects. Our approach to risk management and transfer delivers more stable and predictable outcomes for our clients – protecting their business and personal finances and allowing individuals and companies to focus on what truly matters – meaningful and innovative improvements to the built environment.