Complex Requirements – Contract Tip of the Week

Jan 12, 2017Risk Solutions

Q: My contract contains complex insurance requirements that I don’t fully understand. Can you help?

A: Yes! Please contact your insurance broker, who can work with RLI to review, explain, and address the insurance requirements in your contract. Also, please keep in mind that RLI generally recommends that you not furnish full copies of your insurance policies to a client or other party unless you are legally required to do so.

The Risk Specialty Group and RLI Design Professionals are pleased to feature our Contract Tip of the Week series. Each week, we’ll review a question submitted by a design firm relating to the subject of contracts. Keep in mind, though, that these discussions are general in nature and in making specific business decisions, it’s important to review your options with a knowledgeable attorney.