Experts can be crucial to the result of a case – but they come with their own risks, like last-minute astronomical fees. They could even refuse to testify if they do not receive payment first. Here are some tips to avoid huge unexpected bills:
- Get attorney references before hiring an expert.
- Have a clear contract that holds them accountable for documenting time and resources spent, and for billing regularly.
- Stay in contact and request frequent updates. You want to be able to identify problems with spending or efficiency as early as possible.
Based on this article from the American Bar Association.
P.S. Check out our LinkedIn for more tips and stories!
Make sure you list all of your parcels when updating your Terrafirma application! Anything left out of the category of legal interests (easement, land, trail) you insure might not be eligible for coverage of a later claim. And because Terrafirma requires that you insure all of your parcels within the categories you select, your claim could be jeopardized if the parcel is missing. Double-check and compare to your database!
Worried that you forgot something? Email and we will help you update your application, even if you have already submitted (prior to February 2, 2016).
If you have questions about updating your application or anything else, please let us know. You can email us directly or call 202-800-2219 for Lorri, 202-800-2248 for myself or 802-262-6051 for Leslie.
P.S. It is not too late to secure a 2016 Risk Management discount! This can be done via webinar or our free and quick online course. To qualify, training must be completed every year by a member of senior leadership.