Limitations of Liability and Economic Loss Doctrine
By David Eckberg – Skellenger Bender
Presented by David Eckberg of Skellenger Bender Attorneys at Law, at the end of this presentation, you as an attendee should understand:
How the law treats economic losses (such as construction delays and lost profits) that may be caused by a design professional’s errors or omissions; Why contracts can impact your indemnity obligations
What a limitations of liability clause is and how it can be an effective risk management tool;
With the understandings in 1) and 2) above, you will then learn the importance of different insurance coverages; and
How to properly draft and negotiate contract clauses to account for economic loss and enhance the enforceability of limitation of liability clauses.
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