Risk Management – Legal

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Risk Management – Legal

In general, the laws that govern the relationships between design firms, their client’s and third parties, fall under two broad categories of civil law: tort and contract.

Tort Law

Tort Law (also known as common law), only requires the design firm to act in a reasonable manner to prevent harm to others. While this concept of “reasonableness” in tort law does not have specific written rules to follow, it does have a standard. Design firms not meeting this standard can result in professional liability claims.

Design firms are required to maintain a level of skill and care ordinarily demonstrated by members of their profession under similar circumstances and at the same time their services are performed, in the area that they practice. The law does not require perfection, just reasonable skill, and care. Failure to meet this “standard of care” is a necessary element for establishing negligence. Using this negligence standard, the following elements must exist for a design professional to be found liable: A duty owed by the professional to the claimant. A breach of that duty. Actual damage. Proof that the substandard performance was the actual (proximate) cause of the damage .

Contract Law

Contracts are the best resource in a design firm’s toolbox for managing risk. However, not all contracts are created equal. There are usually five forms of contracts a design firm will encounter: Oral Agreements, Letter Agreement, Purchase Order, Industry Standard Contracts (i.e. AIA, EJCDC, etc.) ,client or firm’s own contract. Contracts can also include Lease and Rental agreements.

Contracts establish the scope of services, pricing, business relationship, communication system, jurisdiction, and rights and responsibilities of both parties involved.

Why Choose Risk Specialty Group for Legal Risk Management?

At Risk Specialty Group, we specialize in customized legal risk management solutions designed to help businesses reduce liability and protect their assets. As an independent insurance agency, we work for you—rather than for a single insurance carrier—giving you access to over 20 t “p” rated insurers to find the best coverage options.

We exclusively partner with A.M. Best “A” rated carriers, ensuring reliable protection against legal risks. Whether you need to fulfill contractual obligations or minimize exposure to liability, we create tailored insurance programs that match your budget and business objectives, providing competitors with comprehensive coverage.

Who We Help

Risk Specialty Group provides legal risk management for many industries, including:

We create customized risk solutions to fit your business needs.

FAQ about Legal Risk Management

What is legal risk management?
It’s about identifying and reducing legal risks to protect your business.
Why is it important?
It helps prevent lawsuits, ensures compliance, and reduces financial losses.
What services do you offer?
We provide legal risk assessments, contract management, and compliance solutions.
What is a legal risk assessment?
It helps find potential legal problems and offers solutions.
What is contractual risk management?
It ensures contracts are clear and fair and protects your business.
How do you customize risk management plans?
We analyze your industry, risks, and legal needs to create a personalized plan.
What industries do you serve?
We work with architects, engineers, consultants, IT firms, construction managers, and more.
How does legal risk management help with compliance?
It ensures your business follows laws and regulations to avoid fines or legal trouble.
What is regulatory compliance?
It means making sure your business follows the law to prevent penalties.
How can I get started?
Contact us for a consultation! We’ll assess your risks and create a plan to protect your business.

What Our Clients Say

A one-size-fits-all approach doesn’t work for legal riwe’venagement. We tailor our services to fit your business and ensure compliance.

See how we’ve helped other businesses. It’s Customer Reviews

 
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Bobbie Llenz profile picture
Bobbie Llenz
20 December 2023
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I cannot say enough good things about Risk Specialty Group. Their team is professional, and they have your best interest in mind. I highly recommend them. Our agent is Travis Landers and his team always take care of us every step of the way through the renewal process down to a dreaded claim. We have been in business 27 years and believe me you want these people on your side.
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JMD Engineering LLC
27 November 2023
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Couldn't be more pleased with the level of service and competitive pricing. I have a niche business that falls outside the norm of most. Risk Specialty Group took the time to understand my business and provide the perfect solution of coverage for me. I highly recommend them to any small business in need of coverage.
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Jill Bard profile picture
Jill Bard
20 November 2023
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When I started my business 4 years ago, the team at Risk Specialty Group was recommended to me by a long-time colleague to handle business and professional liability insurance. I could not be happier! Travis, Deanna, and the entire team are wonderful to work with. They consistently provide excellent service and go above and beyond to make sure I have what I need, when I need it. One example: I purchased a new vehicle for the business and was signing paperwork late on a Friday afternoon not realizing I would need auto insurance before I drove it off of the lot. Travis and his team took my call at 5pm and made sure I had coverage so I could drive home before 6pm, on a Friday! Just one example of their excellent service and responsiveness.
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Chris Abell
17 November 2023
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I've been partnering with Risk Specialty Group for last few years, and they consistently deliver exceptional service. The team's responsiveness is truly commendable being both prompt and efficient. The account managers at Risk Specialty Group are clearly experienced, making the process of navigating insurance requirements seamless. I appreciate their attention to detail and the assurance that my business is in capable hands. I highly recommend them to any business in search of a reliable insurance partner.
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Blyss
16 November 2023
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I would highly recommend Risk Specialty Group to anyone looking for reliable and helpful insurance professionals who go above and beyond to ensure customer satisfaction. Travis and Leah have consistently shown exceptional reliability, proving to be significant assets in navigating the complexities of insurance policies. Their unwavering commitment to providing assistance is evident in prompt and thorough responses, along with valuable feedback. Barron Engineering appreciates all of your help and support!
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Nicola Hartman
15 November 2023
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The Risk Specialty Group was recommended to TTL by another client of theirs. We have not been disappointed! Both Travis and Candi have been wonderful to work with - the communication is exceptional and the overall switch from a different company has been seamless. I look forward to working with them for many more years to come.
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Real David N
12 October 2021
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Risk Specialty Group has handled my micro-company's insurance for almost five years. They have consistently provided prompt, professional, friendly, and effective customer service. I am always sure that I have access to their "A" team and that they are in my corner. Of all my service providers, they are #1 in that department. 6 stars if I could.
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J Smith
31 January 2019
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Prompt, knowledgeable, and courteous. Enjoyed working with the Risk Specialty Group team.
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Brian Richardson profile picture
Brian Richardson
28 January 2019
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My company, EFR Contracting LLC, uses Risk Specialty Group because of their industry expertise, professionalism, superior customer service and attention to detail. I highly recommend them.
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Elizabeth Schlitzberger profile picture
Elizabeth Schlitzberger
17 January 2019
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Very professional group with great attention to detail. They care about their customers! I highly recommend them!

Contact Risk Specialty Group

Are legal risks putting your business in danger? We’re here to help with contract compliance, liability reduction, and risk management. Contact our insurance firm today.

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Keep up with the latest compliance trends, risk management strategies, and legal protections by exploring our risk management blog.

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