risk management

Selecting the Right Professional Liability Broker

Selecting the Right Professional Liability Broker

For design professionals, finding the right insurance broker can present a challenge. You need someone with ample experience handling the professional liability needs of architects and engineers, and who offers a wealth of value-added services. Only if your broker has a comprehensive understanding of what you and your firm are all about can he or she be of real use to you.

If You Build It, They Will Sue: Condominium Projects – Part II

 If You Build It, They Will Sue: Condominium Projects – Part II

Continued from If You Build It, They Will Sue: Condominium Projects – Part I, an analysis of Beacon Residential Community Association v. Skidmore, Owings & Merrill LLP, et al. and its impact on future court decisions.

Endorsements, Certificates of Insurance, and Other Tools for Evidencing Coverage: Why You Can’t Always Have It Your Way

Design professionals are often asked by their clients to sign contracts that include comprehensive—sometimes unreasonable—insurance requirements and indemnification terms.  These are usually drafted with the goal of protecting owners, clients, contractors, or other project participants.  But how does this work when the required coverages aren’t found in the commercial insurance marketplace?

Are Hackers a Threat to My Design Firm?

Are Hackers a Threat to My Design Firm?

Cyber liability is a growing threat in the world of business and design firms are not immune from being targeted.

Template of Reasonable Contract Clauses for Design Professionals

Template of Reasonable Contract Clauses for Design Professionals

Key risk allocation clauses in design professional contracts that routinely require editing to make the risk more manageable or insurable include those presented in this template.  The language set forth below is suggested as reasonable compromise language to onerous terms and conditions.  This is not legal advice, and before adopting contract language for any specific situation, consultations with legal counsel is recommended. Enforceability of contract language varies from state to state.