Design professionals are responsible for creatively conceptualizing and designing a project. The contractor’s job is to find the most efficient way to construct this design. Both sides of this process function independently – however, they must work together to...
PDI is a proud member of a/e ProNet and we frequently refer our retail agents to resources made available by them. One such resource was in the February issue of their newsletter titled: Template of Reasonable Contract Clauses for Design Professionals It’s a...
In the world of claims-related contract clauses for design professional agreements, the indemnity and defense clauses get all the attention. However, lurking in the shadow of the indemnity clause is a menacing cousin with potentially even greater and more frequent...
Privacy/network security coverage is relatively new and unlike many other coverages the offerings vary significantly by insurer. The typical policy offers coverage for both first party and third party losses. First party coverage is where the insurer covers the...
Here’s a summary of a good article from RLI, on how to determine if your liability limits are adequate. In the article they discusses several things to keep in mind: The state the claim occurs in can have a major impact The type of damages (ie a loss of life...
Insuring design-build accounts entails understanding factors that are somewhat unique in the realm of insurance. Here’s an article from IRMI that does a good job of explaining some of the basic issues, namely: 1.) Risk Transfer is not enough – no one...
