The Royal Architectural Institute of Canada (RAIC) has created a new insurance program that is designed for architects and will provide comprehensive professional liability coverage and other insurance products at highly competitive rates. The RAIC Insurance Program officially launches on October 1 and is an exclusive RAIC member benefit.
?The RAIC is proud to support members with an insurance program that is cost-effective and provides extensive coverage and exceptional service,? says RAIC President Michael Cox, FRAIC. ?It?s an example of the work we are doing to add value to membership.?
The RAIC has partnered with BMS Canada Risk Services Ltd. (BMS) to provide insurance options tailored to the needs of architects ? whether purchasing individual insurance products, full packages or a top-up to existing or mandatory coverage. The RAIC Insurance Program provides members access to:
Professional Liability/Errors & Omissions;
Commercial General Liability;
Business Insurance;
Directors? and Officers? Liability;
Cyber Security and Privacy Liability;
Employment Practices Liability;
And a variety of other insurance offerings

?Among the challenges facing architects today are contracts that unreasonably transfer risk and liability to professionals,? Cox noted. ?That?s why public-sector procurement reform is a crucial advocacy activity for the RAIC. In addition to advocating for change related to contracts, fees, and other procurement practices, we also want to protect our memb...