For over 50 years Dealey, Renton & Associates (DRA) has helped our firms with their risk management and insurance needs. As part of our ongoing efforts, DRA publishes a monthly newsletter for clients and industry partners on general and professional risk management issues facing design firms.
The following is a summary of our April 2016 newsletter
Cyber Risk is Bigger than an IT Issue!
Assigning responsibility for Cyber Risk solely to your IT leader is likely a mistake! IT professionals' primary focuses are system operating efficiency and avoiding cyber-attack. Sean Donahue of XL Catlin discusses the "big picture" of Cyber Risk Management and the critical importance of involving senior management.
Seismic Retrofit Ordinances, A Risky Opportunity?
This article from the law office of Morris Polich & Purdy summarizes the LA ordinance (SF has one as well). In addition they discuss the obvious and not so obvious professional liability risks for design professionals as well as ideas for mitigating and shifting risk.
Tax Reduction through R&D Tax Credits. Time to Revisit?
Research & Development tax credits are widely used by large companies and it surprises many design professionals that they may also be eligible. KBKG outlines the potential for these Tax Credits and provides specific examples of engineering and design activities which may develop credits.
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