Volume 48, June 2018                                                      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.


Risk Management
Standard of Care clauses are one of the most important contract provisions. A well-written clause can act as a ceiling with respects to a design professional's obligations under professional services contracts. XL Catlin provides some quick tips and suggestions for favorable contract language.

Insurance Coverage
Many design professionals overestimate the available insurance coverage for commitments made under professional services contracts. The contractual liability exclusion limits the scope of coverage to liabilities existing absent the contract. Attorney Mark Jacobsen explains this complex issue and provides guidance.

Contracts

Automobile Exposures
Commercial automobile exposures represent some of the most significant corporate risks for design professional firms.  Development of rigorous policies around MVR's for new employees and expectations for tenured staff are critical regardless of firm size.   Travelers provides information on MVR evaluation criteria and creating internal policies.





To learn more about DRA, or to offer comments or suggestions contact:
Ari Khanna: DRA@insdra.com / 626-696-1897  
License # 0020739