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Multi-Family Housing Liability

 

 

 

Podcast: 2006/12/19 - 31:50

Presenters: Bill Quatman, Esq., FAIA and Frank Musica Esq. Assoc. AIA

 

 

Bill Quatman, who works for Shugart Thomposn & Kilroy PC is an attorney, a licensed Missouri architect and a Design-Build Industry leader. Bill has been instrumental in the production of the AIA Trust Whitepaper: Risk Management Ideas for Condominium Projects.

Frank Musica with Victor O. Schinnerer and Co. is a risk management attorney with over 30 years’ experience in the management of design firms. Since 1990, he has served as a risk management attorney for Victor O. Schinnerer. Schinnerer is the manager of the Institute’s commended program of professional liability insurance.

Condos—the hottest housing segment of the recent construction boom—can be lucrative and rewarding projects. In recent years they have also become the riskiest. So risky that most insurers refuse to cover firms that specialize in condo design for more than 20 to 25 percent of their business. The increase in construction-defect litigation has reached crisis proportions, according to lawyers, architects, insurers, and builders at the recent AIA Symposium on Multifamily Liability. Whether the lawsuits are instigated by law firms that make a fortune from targeting condo projects or whether they are generated by authentic design or construction problems, many architects are not doing all they can do to protect themselves and their firms. The symposium presented strategies that any firm can adopt to manage and reduce the risks inherent in multifamily residential design. Hear two of the opening session speakers, Bill Quatman, Esq., FAIA and Frank Musica Esq. Assoc. AIA discuss these topics.

 

 

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