Don’t DIY. Bring it to us instead.
We are a law firm that has outlasted most others. Practical, personable and a little bit quirky.
Part 1: Be practical
Part 2: Sort out your processes
Part 3: How to assess a suitable liability cap
This question comes up a lot. Every day, in fact.
If you have no contractual obligations besides paying, you may be unlikely to incur liability. However, don’t forget to consider personal data and the high fines associated with a serious breach of data protection laws. If you are using AI at any level, this must be factored into your considerations.
Consider, for instance:
where you might incur liability;
how much it is likely to be;
whether there are other ways to mitigate your risks; and
whether you can get affordable insurance to cover the risk.
If this is thought through for each contract, along with other matter-specific details, your risk profile as a company will be well-managed. If you come to us, we will help you work through this. As a result, if things should go wrong, you will have quantified the risk and prepared for it.
If you're interested in hearing more practical tips, join our 'Don’t DIY! Contract hazards that come back to bite!' seminar on Tuesday 24 September.
Drop me a line today to set up a call at sharon.zachariah@laytons.com – Partner: Commercial, Technology, Data Protection, IP. Getting to know each other and chatting is free. Advice is not (it’s what we sell).
