Professional Liability Coverage: The Standard Of Care
There are many ways to jeopardize you Professional Liability coverage. One of the most common mistakes is signing a contract without reviewing what you are signing.
Be very cautious when reading the entire contract when entering into a partnership with and owner or other entity. An area of concern for many design professionals is language that describes the standard of care.
It is important not to over extend your professional services, a red flag should be raised if you see “professional best,” “best efforts”, “highest care”, these phrases could cause you to lose the coverage provided by your Professional Liability policy.
Please visit he A/E ProNet website for some additional information HERE
If you are ever concerned regarding the language in any contract. please contact Professional Underwriters and we will be happy to review any contract.