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 May 2016 newsletter
Copyright! Nice to Have or Need to Have?
A brief article by Jacqueline Pons-Bunny, Esq of Weil & Drage outlines the implications for design professionals of giving clients ownership of documents and provides practical steps firms can take to minimize the effect when compelled to give up ownership and legal rights.
Limitation of Liability: Balancing Risk vs Reward
Design Professionals receive a very modest financial reward from a project when compared to the Owner or Contractor. DRA revisits the history of the limitation of liability clause and the importance of including this risk allocation tool in contract negotiations, especially where the fee is relatively small and the risk is high.
Managing Expectations: A Critical Skill for Design Professionals
Steve Rowinski, Risk Manager for Arrowhead Design Insurance comments that unrealistic clients with unrealized expectations tend to respond to project problems with confrontation rather than cooperation. He provides ideas to create workable expectations in an effort to avoid professional liability claims.
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