Complimentary Webinar: Managing Risk through Effective Contracts

Posted by & filed under Events.

Presented by:
Diane P. Mika, VP, Director of Risk Management Education, Berkley Design Professional
Andrew D. Mendelson, FAIA, Senior Vice President, Chief Risk Management Officer, Berkley Design Professional

Thursday, June, 2, 2022
10:00 a.m. Pacific Time/1:00 p.m. Eastern Time
1.5 AIA Learning Units
1.5 RCEP Professional Development Hours

Berkley DP policyholders who participate in this program can qualify for a 15% Risk Management Education credit. Contact your agent for further information*

Your professional services agreement is an essential tool in managing your exposure to risk. An equitable contract fairly apportions risk, while an onerous contract can shift inordinate—and sometimes uninsurable—liability to you. The terms and conditions of the agreement establish the roles and responsibilities of the design professional and the client. The contract review and negotiation process provide you with an opportunity to set reasonable expectations with your client. And, in the event of a claim or dispute, your contract is the first piece of documentation the claims examiner will request.

In this webinar, you’ll:

  • Review some risk management fundamentals that underscore the importance of effective contracts
  • Walk through the contract lifecycle starting with client and project selection through the contract review process and ending with educating the design team on the finer points of the contract
  • Using the Berkley DP Contract Review “Top 10” Checklist, examine key contract clauses that impact your risk exposure
  • Gain strategies, checklists, and contract language that will help you manage the contract review process
  • And more…

Earn Learning Units
This program is registered for:
1.5 AIA Learning Units
1.5 RCEP Professional Development Hours

*Each policy year, firms that participate in one or more Berkley DP education programs qualify for a single 15% risk management education credit that will be included in rating and reflected in the firm’s next policy quotation. Please note that the education credit opportunity applies only to primary policies; excess policies are not eligible.