Arbitration 101

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WorthwhilePyrite5473
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11 Questions

Which type of dispute resolution process is more formal than mediation?

Arbitration

What qualifications are required for an arbitrator?

Knowledge of statutory procedures

What type of insurance is mandatory in most provinces for professionals?

Liability insurance

Which type of insurance coverage should architects require subconsultants to carry for each project?

Professional liability insurance

What is the purpose of a limitation of liability clause in client-architect agreements?

To limit the architect's liability to the client to the amount of insurance coverage available at the time of claim

What is the purpose of the basic limitation period in statutes of limitations?

To provide a time limit within which a claim can be made

What should architects do if they believe a claim might be made?

Notify the professional liability insurer and follow their advice

What does it mean for architects to perform their services to a 'professional standard of care'?

Architects must provide service with a high degree of care and skill

What can happen if an architect does not meet the professional standard of care?

The architect may be found negligent and face professional misconduct charges

What are some common exclusions under a typical professional liability insurance policy?

Fraudulent and dishonest acts; contractual liability; products liability; construction activities carried out by the professional; express warranties and guarantees

What should architects do if a client agreement mandates a certain level of insurance beyond the limits carried by the firm?

The policy should be amended accordingly

Test your knowledge on arbitration with this quiz! Learn about the process of submitting disputes to an independent arbitrator, the differences between arbitration and mediation, and the concept of mandatory and binding arbitration. Gain a deeper understanding of this formal alternative dispute resolution method.

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