We can help you to understand liability caps.
Contract clauses that 'cap' your liability can help provide some important additional protection if you make an error and a claim for a significant financial loss is made against you.
This is important for any business charging for advice or a service and we can provide you with some basic guidance on the most effective ways of achieving this. We can help your understanding of liability caps, how they relate to your professional indemnity insurance and what issues you need to be aware of when you include these caps in a contract or terms of engagement. We also have access to specialist lawyers who can assist in designing the right words to use.
You may find our guidance note on this subject helpful, which explores the origins of capping liability and examples of how they work in practice. Please follow the link to read the full Guide to Capping Your Liability.