Latest Professional Liability Blogs
Admiral’s Blog is your source for insights and trends in casualty and professional liability. Here, our team of underwriting experts explore the most pressing topics and emerging trends that every wholesale broker needs to stay ahead of the curve.
A professional service agreement is more than a handshake in writing – it’s a foundational tool in contract risk management. It defines the scope of services, allocates responsibilities, and clarifies the relationship between parties. Most importantly, it establishes legal duties. If those duties are breached and harm results, the contract becomes the basis for liability.
Read More Why Contracts Matter: How A&E Firms Can Reduce Risk with Strong Agreements
From August 2023 to August 2024, A&E and construction firms spent $38 billion on mergers and acquisitions, more than triple the number from the previous year. Investments by private equity firms were also at a record high, more than doubling.
Read More Using Artificial Intelligence in Engineering and Design | Benefits, Challenges & Risks