Gould & Ratner Construction Practice Publishes Article in Construction Executive

Limitation of liability clauses are becoming an increasingly important tool for managing risk in construction contracts, but they require careful drafting to be effective.

In an article titled “Limitations of Liability Provisions in Construction Contracts: A Means to Manage Risk and Limit Financial Exposure,” published in Construction Executive, Richard Reizen, Chair of our Construction Practice; Ellen Chapelle, Chair of our Insurance Counseling & Recovery Practice; and Associate Hannah Batsche explore how contractors can use these provisions strategically while avoiding unintended consequences.

Key takeaways include:

• The types of risks that can be addressed through limitation of liability clauses

• How to approach negotiations with owners and allocate risk effectively

• Common pitfalls, including impacts on insurance coverage

• Practical considerations for setting an appropriate liability cap

For contractors, developers, and project stakeholders, understanding how to structure these provisions can make a meaningful difference in managing financial exposure.

Read the full article here: https://constructionexec.com/article/limitations-of-liability-provisions-in-construction-contracts-a-means-to-manage-risk-and-limit-financial-exposure/