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 June 2018 newsletter
Quick Considerations for Public-Private Partnerships
Commonly referred to as P3s, Public-Private Partnerships are gaining popularity, particularly in infrastructure and sports facility projects. While many design firms may never engage in a P3 project, those that do need to understand the risks and rewards well in advance. Berkley Design Professional provides background and advice on P3 projects.
Knowing the Contract Limitations: A Guide
The standard limitation of liability clause is an effective risk management tool but, is also difficult to secure in most professional service agreements. Did you know there are other liability limitations a firm can propose in a contract? David Ericksen, Esq. of Severson & Werson reviews these limitations and offers sample clauses.
Engineering Firm Wiped out by Ransomware
Any business that relies on computer systems to generate or store critical business information can have a very real exposure to cyber risk, and design firms are no different. CFC Underwriting provides a case study of an engineering firm impacted by ransomware.
If you would like more information on the topics above, contact us or call us at 626-696-1897.
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