Search results
"tag:"damages""
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Liquidated Damages
We often see clauses that attempt to make design professionals responsible for liquidated damages caused by schedule delays. Liquidated damages provisions determine in advance the measure of damages if a party breaches the agreement, whether or not it ... |
Jul 5, 2012 9:54:00 AM |
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Indemnity: Limited "to the extent" of insured's negligence
The professional liability policy provides coverage for claims to the extent that they were caused by the insured’s negligent acts, errors, or omissions. Professional liability insurance only pays for damages caused by the insured, not for damages ... |
Mar 22, 2011 9:02:00 AM |