By Rob Hughes | This subtle but onerous language is becoming fairly widespread in design contracts and, if overlooked, could leave design firms with significant, potentially uninsured exposures.
Rob Hughes
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Keep tabs on your insurers in a difficult economy by reviewing evaluations by popular ratings agencies.
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In the current economic environment, avoid costly payment disputes and counterclaims by choosing clients carefully and staying on top of your receivables and collections.
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Firms should evaluate their services, internal IT systems and controls, and check their insurance to make sure they have the protection they need.
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Careful review of certifications with your legal counsel and insurance advisor will enable you to better address the needs of your clients and lenders.
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As market conditions for professional liability insurance evolve, there’s a great deal you can do to position your firm for a more favorable renewal.
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In an M&A deal, the seller’s professional liability insurance for legacy projects will likely come into play. Deal with it early on.
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Considering a design project in the fledgling cannabis industry? Make sure your professional liability coverage won’t go up in smoke.
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In today’s competitive market conditions, being able to spot red flags may prove helpful in knowing when to pull out of a discussion or for negotiating a more equitable transaction.
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As communities look for ways to protect themselves from large-scale weather-related events, design firms are equipped to help them meet the challenge. Through mid-2018, the U.S. experienced six weather and…
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As the outlook for AEC firms remains bright and professional liability insurance rates stay competitive, the time is right to make sure your firm has adequate protection. Things are looking…
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As 2018 approaches, A/E firms may want to revisit professional liability insurance limits, and find optimal solutions for their requirements. As design firms look ahead to 2018, the time may…