How do I insure my Drone?

How do I insure my Drone?

Q: I use my Drone for my business, is it insured under my current General Liability Policy or do I need to purchase a separate Drone Liability Policy? A:  Your General Liability coverage usually includes an exclusion that prohibits aviation coverage. In many cases,...
Should I sign a Letter of Reliance?

Should I sign a Letter of Reliance?

Q: My client mentioned that their lender will request to have a separate agreement signed, in addition to my professional services contract.  Is this typical, or does this signal additional risk? A:  Your client’s lender is not generally the intended recipient of your...
Should I waive the consequential damages provision?

Should I waive the consequential damages provision?

Q: Why should I ask my client to waive consequential damages, as suggested in some of the standard industry documents? A:  Deleting a provision that waives consequential or special damages increases your risk, perhaps substantially. The mutual waiver A201-1997 General...
Should I name third-party beneficiaries?

Should I name third-party beneficiaries?

Q: Does my risk increase if I name third-party beneficiaries in my contract? A:  Naming third-parties as beneficiaries in your contract may allow those parties the right to bring claims directly against you. Since those parties might not otherwise have that right, by...