Licensed Architect - Summer 2017 - 29

While the average A&E firm may
not be subjected to the same level
of underwriting scrutiny as large
retailers and financial institutions, the
underwriting questions above are an
excellent place to start for any business
when reviewing your own firm's risk
management protocol. Additional
specific general questions might include
the following:
✓ What cyber exposure does the firm
face and what are the plans to address
these risks?
✓ How informed is Executive
Leadership about the current level
and potential business impact of
cyber risk to the company?
✓ What coverage gaps exist in traditional
insurance policies that would not
respond to a cyber event? (i.e. Cyber
Business Interruption vs. Property
Business Interruption)
✓ What is the potential loss of net income/
profit of an operating system that would
be incurred if our network were to be
shut down due to a cyber event?

✓ Is there a well thought-out Incident
Response Plan for cyber events and
has it been tested? Does the Plan
respond enterprise wide?
✓ How much information PII
(Personally Identifiable Information),
PHI (Personal Health Information)
& CCI (Corporate Confidential
Information) is in your possession?
✓ Do you have any obligations if data
is outsourced to a 3rd party? What
do vendor agreements dictate?
✓ How many and what types of
incidents does the IT department
detect in a normal week? Is there
a company mandated threshold
in place for notifying Executive
Leadership?
In closing, I would say there are
definitely more questions than
answers when it comes to cyber
related risk. I spoke to a lot of folks
that specialize in A&E insurance, legal
and risk management and it's safe
to say that none of us really know
what the future holds for the A&E

community and cyber related risks.
The best risk management advice
I can offer is to be proactive in
assessing your firm's exposures and
continue to tap into the collective
resources of your insurance
broker and risk manager partners.
As noted, this exposure and the
insurance market are evolving
fast and all A&E firms should be
monitoring this risk closely. I can't
stress enough the importance
of working with your business
partners and brokers that have the
expertise and resources dedicated
to understanding and managing
this risk. I've cited throughout this
article information shared with me
by members of our dedicated Willis
Towers Watson Cyber Unit; and
expect I will be talking a lot with our
Cyber Unit in the future.
For more information on Willis
A&E including their monthly risk
management webinars, visit their
website at www.Willis.com.

Summer 2017 | Licensed Architect | 29


http://www.Willis.com

Table of Contents for the Digital Edition of Licensed Architect - Summer 2017

President’s Message
ADA Advice Accessibility: Handrail Details for Stairways and Ramps
Continuing Education A Review of Window, Door and Skylight Standards and Certification
Buyer’s Guide
Feature Article The Necessary Accessory: Hardware
Continuing Education Providers/ ALA New Members
Insurance Design Professionals and Cyber Risk - Part 2
Second Chances for Buildings The New Roof is Still Leaking?
Feature Article What Do Clients Want? Amenities, style and function
Firm Management Tools for Small Firms: Time Management
Index of Advertisers
Licensed Architect - Summer 2017 - Intro
Licensed Architect - Summer 2017 - cover1
Licensed Architect - Summer 2017 - cover2
Licensed Architect - Summer 2017 - 3
Licensed Architect - Summer 2017 - 4
Licensed Architect - Summer 2017 - 5
Licensed Architect - Summer 2017 - President’s Message
Licensed Architect - Summer 2017 - 7
Licensed Architect - Summer 2017 - ADA Advice Accessibility: Handrail Details for Stairways and Ramps
Licensed Architect - Summer 2017 - 9
Licensed Architect - Summer 2017 - 10
Licensed Architect - Summer 2017 - 11
Licensed Architect - Summer 2017 - 12
Licensed Architect - Summer 2017 - 13
Licensed Architect - Summer 2017 - 14
Licensed Architect - Summer 2017 - 15
Licensed Architect - Summer 2017 - Continuing Education A Review of Window, Door and Skylight Standards and Certification
Licensed Architect - Summer 2017 - 17
Licensed Architect - Summer 2017 - 18
Licensed Architect - Summer 2017 - 19
Licensed Architect - Summer 2017 - 20
Licensed Architect - Summer 2017 - Buyer’s Guide
Licensed Architect - Summer 2017 - 22
Licensed Architect - Summer 2017 - 23
Licensed Architect - Summer 2017 - 24
Licensed Architect - Summer 2017 - Feature Article The Necessary Accessory: Hardware
Licensed Architect - Summer 2017 - Continuing Education Providers/ ALA New Members
Licensed Architect - Summer 2017 - Insurance Design Professionals and Cyber Risk - Part 2
Licensed Architect - Summer 2017 - 28
Licensed Architect - Summer 2017 - 29
Licensed Architect - Summer 2017 - Second Chances for Buildings The New Roof is Still Leaking?
Licensed Architect - Summer 2017 - 31
Licensed Architect - Summer 2017 - 32
Licensed Architect - Summer 2017 - Feature Article What Do Clients Want? Amenities, style and function
Licensed Architect - Summer 2017 - 34
Licensed Architect - Summer 2017 - 35
Licensed Architect - Summer 2017 - Firm Management Tools for Small Firms: Time Management
Licensed Architect - Summer 2017 - 37
Licensed Architect - Summer 2017 - Index of Advertisers
Licensed Architect - Summer 2017 - cover3
Licensed Architect - Summer 2017 - cover4
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