By: Ken McComb A while ago, I got a call for help from a producer who writes a growing engineering firm. This engineering firm secured a design contract on a large project. The prime design firm on this project had a contractual requirement that all sub-design firms...
Most construction contracts for major projects and almost all contracts with public entities will require performance bonds and payment bonds. Most design professionals are not structured financially to have the necessary financial assets to induce a Surety Company to...
Some of the most frequently asked questions we hear are triggered by the disparities between the insurance coverage available to design professionals and the demands made for coverage by general contractors and their standard contracts. This is a nuanced area, and you...
It’s that time of year again when we all reflect on the year past and plan holiday parties to thank all staff members for their hard work. Hosting a company party can create liability situations, however, so we thought we’d share 10 Tips from the the...
Errors and omissions (E&O) insurance protects professionals from mistakes in contracts, including items that were left out of the contract. When these items are discovered after the contract has been signed, it can result in a costly lawsuit. E&O insurance...
JUST A RABBIT? SMALL PROJECTS CAN BITE Who doesn’t love a good Monty Python reference? With our latest ProNetwork Newsletter, Just a Rabbit? Small Projects Can Bite, we’ve proven that the classic moments in Monty Python and the Holy Grail can be made analogous to...
