Engineering Influence from ACEC
News:Business News
Today on the Engineering Influence podcast, we’re going to talk about Duty to Defend. That might seem like a dry topic, but it can have a catastrophic impact on a firm if it isn’t handled properly.
In the driest of terms, Duty to Defend is A contractual obligation whereby one party, in this instance, the design professional, agrees to defend another party, generally an owner or developer against a covered third-party claim, thus incurring attorney's fees and costs.
To bring this issue to life and dive deep into the implications for engineering firms, Brett Stewart, who is the Risk Manager for the Design Professional unit of AXA XL, has joined us on the show.
Click here to download AXA XL's chapter on indemnity, which provides additional information on this issue.
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