If i'm stamping drawings for a small firm that goes under, how does that change my level of liability? Would i need to purchase E&O insurance for myself to cover the projects that i have stamped/signed to date, or am I tied to the same statute of limitations no matter what?
Actually I think it depends on the state. Some states have personal liability for registered professionals of all kinds, meaning if you screw up the sue-ee can go after the business AND you personally as separate entities. I believe in some states you have corporate protections that protect you from personal liability actions.
I've said here many times before: don't stamp drawings for a firm unless you are a partner in that firm.
If you have personal E&O, you need to call your carrier and ask them this. Don't rely on what a bunch of people in different circumstances have to say on the internet.
If you were a doctor, you would carry that liability until the statue of limitations had passed. When they negotiate contracts, the "Tail" is a considerable part of the conversation. I'm no lawyer, but I'll bet that the same is true.
Apr 17, 12 12:24 am ·
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Liability
If i'm stamping drawings for a small firm that goes under, how does that change my level of liability? Would i need to purchase E&O insurance for myself to cover the projects that i have stamped/signed to date, or am I tied to the same statute of limitations no matter what?
It doesn't change your liability.
Actually I think it depends on the state. Some states have personal liability for registered professionals of all kinds, meaning if you screw up the sue-ee can go after the business AND you personally as separate entities. I believe in some states you have corporate protections that protect you from personal liability actions.
I've said here many times before: don't stamp drawings for a firm unless you are a partner in that firm.
If you have personal E&O, you need to call your carrier and ask them this. Don't rely on what a bunch of people in different circumstances have to say on the internet.
If you were a doctor, you would carry that liability until the statue of limitations had passed. When they negotiate contracts, the "Tail" is a considerable part of the conversation. I'm no lawyer, but I'll bet that the same is true.
Block this user
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