|
An effective Limitation of Liability clause can save your assets
 |
Have you looked at the Limitation of Liability language in your contract lately? Here's how to make sure it will stand up in court.
Learn more. Read How Effective is Your LOL? and get 5 checkpoints to measure the strength of your LOL contract language as well as a model clause. Remember, each state is different, so consult with your attorney about language for your jurisdiction.
|
Top 10 Warning Signs of a Professional Liability Claim
 |
Once a project begins, most architects and engineers, naturally, tend to get caught up in the technical aspects of the project to make sure they deliver a good product. However, routinely stepping back to see the big picture and look for signs that something is amiss can help you resolve problems before they become much more costly disputes
Fortunately, XL created a concise, 4-page document based on our analysis of tens of thousands of project claims and their root causes. Learn more. Read Top 10 Warning Signs of a Claim.
|
How Solid Is Your Contract?
 |
As a wise attorney once said, "If it's not in writing, it didn't happen. While a well crafted contract isn't an ironclad guarantee against claims, it at least creates an understanding between you and your client about how the project will unfold, and how much risk each party is taking on. In addition, the process of negotiating the contract can give you valuable insight into your client's expectations and understanding of the design process
Learn more. Read 10 'Must-Have' Contract Clauses and overview of how build a better contract.
|
The Fee Squeeze:
Preventing Collection Problems
 |
Getting paid in full and on time can be challenging in the
best of times. While it may be tempting to blame the "fee
squeeze" on the down economy, you can take several steps to
improve your collection success rate without resorting to a
tactic that often backfires—filing a fee claim against your
client
Learn more. How Far Should You Go to Collect Your Fees? and find out how to get paid and avoid fee claims.
|
XL Insurance's Design Professional group
offers innovative professional liability insurance programs
for architects and engineers. We have more than 40 years of
experience serving the A/E industry and helping clients
mitigate risk with broad coverage, proactive loss prevention
education and techniques, and expert dispute resolution and
claims services.
|
|