Volume 16, October 2015                                                  Previous Newsletters

Dealey Renton & Associates (DRA) is one of the largest specialty brokers in the country , representing more than 3,000 design professional firms.  Our focus for more than 50 years has been to assist our valued clients with their risk management, loss prevention and insurance placement needs.  We believe this month's articles will help our clients manage their business risks and improv e their professional practices.


Ownership Structures
An Employee Stock Ownership Plan ("ESOP") is a financial vehicle that can be used to facilitate the succession of ownership in privately-held companies, but its benefits can be more than just financial.  DPRCG and XL Catlin discuss ESOPs and how they can work for you.      

Legal Updates
Questions are frequently raised, particularly in California, regarding whether design-related services are covered under Prevailing Wage Laws.  D. Creighton Sebra at Morris, Polich & Purdy explores recent California case law and offers insight into this poorly understood area.

Fiduciary  Liability
Third party administrators do not eliminate Fiduciary Risk. Why? 
Business clients typically think that they do not need fiduciary liability insurance because they are not fiduciaries.  This assumption, however, may be wrong and the error could have serious ramifications. Travelers Insurance comments on fiduciary liability in the context of ERISA.        





To learn more about DRA , or to offer comments, or suggestions contact:
Ari Khanna: [email protected] / 626-696-1897