Events
The Perils of Payment Certification
Payment certification may not generally be considered a dangerous aspect of the performance of your design contract, but that can change quickly if the project schedule begins to slip, or the costs increase unusually.
The most serious peril occurs when the owner terminates the contractor because they are not performing properly. Payment certification may suddenly be put under a microscope by both the owner and the bonding company, and the exposure may be significant. Read More
The Importance of Insurance to Value for Commercial Property Coverage
When purchasing or renewing their commercial property insurance, it’s vital for businesses to ensure such coverage includes correct property valuations. Doing so can make all the difference in providing sufficient protection and preventing coinsurance penalties amid covered property losses. That’s where conducting accurate insurance-to-value (ITV) calculations comes into play. Generally speaking, ITV refers to an approximation of the full cost to replace or restore insured property. Read More
Underwriting Consideration for D&O Insurance
Directors and officers (D&O) liability insurance is an insurance coverage sought by private and non-profit organizations to help protect their executives from costly legal actions. Over the years, insurance companies have refined their underwriting practices for D&O insurance to reward organizations that implement proactive risk management measures.
Compromising Your Payment at the End of a Project
Frequently at my first meeting or discussion with the designer of a project where a problem had arisen, I would learn that the design firm had a significant account receivable pending with the client. Read More …
2022 Mid-Year Market Outlook – Cyber Insurance
The past year has seen a rapidly hardening cyber insurance market as cyberattacks have surged in both cost and frequency. This increase in attacks has, in turn, resulted in a rise in cyber insurance claims and subsequent underwriting losses. Amid these market conditions, most policyholders experienced higher cyber insurance rates at their 2022 renewals, with many insureds seeing double-digit rate increases.
How to Effectively Market Your Benefits Offerings
Having outstanding benefits options is critical for attracting and retaining employees. But in order to capitalize on those options, employers need to effectively market their offerings to employees and candidates. If employees and candidates aren’t aware of or do not understand the benefits available to them, they do the employer little good.
VBA – 11th Annual Avoiding Legal Malpractice Seminar 2022
Eileen Garczynski to co-present Virginia Bar Association’s CLE seminar on avoiding legal malpractice claims Wednesday, Sept. 7 and Monday, Oct. 31 Eileen Garczynski, Esq., senior vice president and partner, Ames & Gough and Dennis Quinn, partner, Carr...
IN Person New York – LPL Young Professionals Event
Join Eileen Garczynski, Sr. VP at Ames & Gough and Craig Giometti of Dentons at a one-day event for the Young Lawyers Division of the American Bar Association on July 13th in NYC! Eileen will be discussing many things young lawyers are curious about,...
Time is of the Essence
On its face, this language sounds simple enough; someone wants their project done in a timely manner, right? Well, that may be the case, but that isn’t all that is at stake when you see a contract with Time is of the Essence in the language in the contract. Read More
LAW FIRMS SEE U.S. LEGAL MALPRACTICE CLAIMS COSTS SOAR AS THEY RUSH TO COPE WITH RAPID CHANGE
News Release: WASHINGTON, DC, May 23, 2022 – As law firms throughout the U.S. try to navigate an intensely competitive and rapidly changing operating environment, the costs of their legal malpractice claims are reaching troubling new heights, according to a new study by insurance broker Ames & Gough … Read More
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