Archives for Risk Management

Third-Party Vendor Problems

Third-Party Vendor Problems Third-Party data breaches are becoming the normal. Partnering with a third party often requires sharing confidential and sensitive information. Too often, cyber security is ignored when companies are looking to secure business relationships. It is important to…

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Indemnification Clause

Indemnification Clause A properly worded indemnification clause is critical to reducing risk in a construction contract. An indemnification clause may include any, or all, of three distinct obligations, including to (1) indemnify, (2) defend, and (3) hold harmless the client. …

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Suggested Wording to Use on Contracts

Suggested Wording to Use When Revising and Redlining Design Professional Contracts for Risk Allocation and Insurability of Risks Both parties (owner and contractor) and other project stakeholders come out ahead when the construction contract is fair.  The contractor, subcontractors, and…

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Pre-Claim Assistance

Pre-Claim Assistance on Professional Liability for Architects/Engineers What is pre-claims assistance and why should my firm use it? Pre-claim assistance is a program that most Professional Liability insurance companies provide.  The insurance company will pay for reasonable fees, costs and…

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Spring Webinar

Spring Webinar Spring is upon us (at least calendar-wise) and Great American Insurance Group would like to invite you to their spring webinar. On April 25th 1PM (Eastern) Great American Insurance Group is hosting Kent Holland of ConstructionRisk LLC to…

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Avoiding Litigation

Engineering on the Margin: Practical Considerations for Avoiding Litigation Architects and engineers have enough to worry about while designing their projects that the thought of a claim is sometimes the last thing on their minds. Further to that, the thought…

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CE Credits

CE Credits Earned at our FREE SEMINAR REGISTER HERE 2017 Professional Liability Seminar for Design Professionals Please join us at one of the following locations: GRAND RAPIDS – March 22nd TROY – March 23rd Registration: 7:30 a.m. Seminar: 8:00 a.m….

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FREE SEMINAR

FREE SEMINAR to all that register- 2017 Professional Liability Seminar for Design Professionals Registration is in full swing!  Click HERE to send yours in now.  Don’t procrastinate, it will only take you a couple minutes to do.  Then you’ll be…

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Cyber Liability Insurance

Cyber Liability: Will my insurance pay the ransom?  Does your business insurance provide coverage if your system is kidnapped and your digital information is held hostage? Will your business insurance provide coverage if a former employee decides to take revenge by…

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