Imagine if contracts and insurance policies were not written by lawyers, we might not be able to use wonderful words like subrogation. This legalese term can be defined as the substitution of one person for another to fight for a right or claim. When looking at subrogation in context of an insurance policy, it states that your carrier has the right to recover any damages that were paid to you, but were the fault of another party.
The Professional Liability coverage form for design professionals has several distinct coverage options that are not typical on a General Liability policy. One of the most misunderstood options is First Dollar Defense deductible.
Think back to when you decided to start your own firm; no doubt it was a time full of excitement and anxiety. You posed countless questions as you developed a business plan. Questions like: Where will my work come from? When will I need to hire additional employees? How much money should I invest in equipment? For many surveyors there is one question they might not have asked then and are still not sure how to answer today – Should I use a written contract?
Spring has arrived along with warm weather and the prospect of getting back out in the field. When the weather is nice, it’s difficult to think about the pitfalls of working outside, but injury can be an unfortunate hazard of being a Surveyor. The safety measures taken for clearing brush or climbing steep embankments can be self evident, but more often overlooked are the necessary precautions to take when the field crews shed their layers of winter clothing and head out to the woods, fields, and roadside locations.