Clearing Up Confusion on Contractual Liability
The commercial general liability policy includes contractual liability as a standard feature, but contractual liability can be a misunderstood term. It sounds like what would arise from a ... READ MORE
Avoiding A Risky Position: Hold Harmless In Contract Negotiations
Liability rolls downhill. Big companies use their negotiating leverage to demand favorable indemnification clauses and hold harmless agreements be included in their vendor and customer ... READ MORE
How An Indemnification Clause In A Contract Can Cause Problems
Risk transfers are a vital aspect of any comprehensive risk management plan. Theoretically, those in the best position to avoid a risk should always bear responsibility for the risk. The ... READ MORE
Contracts And Additional Insured Status [Understand Your Risk]
Contracts in some industries, especially construction, often require an additional insured endorsement as part of the contract’s insurance requirements. This normally takes the form of the ... READ MORE
How A Waiver Of Subrogation Could Impact Your Business
.Often times, companies are more focused on the more fundamental aspects of a contract, like price and timelines for completion of tasks. They may overlook some terms that seem more like ... READ MORE
Will Your Policy Cover Risks From Indemnification Clauses?
Indemnification clauses in commercial contracts can present a number of potential issues. When the parties to the contract do not properly think through or write out indemnification ... READ MORE
Construction Defect Litigation And What It Means To You
Construction defect litigation proves to be a significant and expensive problem across the United States. Numerous commentators have blamed liberal construction defect laws for slowing down ... READ MORE