My firm is working with a home builder on doing new residential design. They have Errors and Omission insurance but I wanted to make sure the contract was written so that I am personally protected. I've been reading that I will be personally responsible in the event that my firm is no longer in business or they drop their insurance within the statute of limitations period in our state. My question is we currently have a contract set up with the home builder for the design of a single plan. My employer did not put any terms or conditions or limitations for liability in the contract, just simply the fee. We are now being asked to wet stamp the same plan for use at multiple lots. For each lot this house is built at does my liability increase? If there was an error in the design, can I be potentially sued for the total number of times this single plan was built? Or is there a way to set up a contract so that it is limited to the single design and not duplicated?
I'm hoping for some guidance on what is typically done for contracts/liability when a single design is replicated and used in multiple locations.
I'm hoping for some guidance on what is typically done for contracts/liability when a single design is replicated and used in multiple locations.