WEDNESDAY, MAY 3, 2017
|
|
California Governor Jerry Brown recently signed into law Senate Bill 496 ("SB-496") representing a major step forward in reducing the uninsurable burden of indemnity provisions and the duty to defend for most public and private contracts signed by design professionals in California. Dealey Renton (DRA) was proud to support ACEC California as they led lobbying efforts over the past few years to enact this bill.
Historically, indemnity provisions in design professional agreements have created insurability issues as professional liability insurers are unwilling to provide coverage for the duty to defend or liabilities not attributable to negligence. For contracts entered into, on, or after January 1, 2018, SB-496 amends California Civil Code 2782.8 and contains three key points: Read more....
|
|
|
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
|