Capping or limiting your liability through various methods can help provide some much needed protection and certainty about your level of exposure, if you make an error and a claim for 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.
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.