With this recently launched partnership, insured design firms will now be able to use Victor Contract Sifter to get on-demand access to the automated, efficient distillation of their professional service agreements when contracting to perform work for their clients. This new software provides an alternative to the traditional manual contract insurance terms review process provided by professional liability insurers.
More information is available at https://www.legalsifter.com/post/victor-launches-ai-contract-review-service-powered-by-legalsifter
The newly announced collaboration combines LegalSifter’s sophisticated AI technology with embedded risk management expertise from Victor Insurance. Victor Contract Sifter analyzes professional service agreements and delivers options to strengthen contract language. Within minutes, the automated review provides tactical observations, explanations of identified potential issues, and suggestions to mitigate insurance risk, including alternative language samples.
LegalSifter is thrilled to have a great new partner in Victor Insurance, the world’s largest managing general underwriter with locations in the US, Canada, UK, Netherlands, Germany, Italy, and Australia. With deep, specialized underwriting expertise, the company provides a wide range of insurance coverage – from specialty property and casualty and professional liability insurance to group and retiree benefits.
Founded in Pittsburgh, PA, in 2013, LegalSifter was created to enable artificial intelligence technology to unlock the potential of the legal profession to become more affordable. The company looks forward to taking its next steps in this mission with the help of its team, clients, partners, and the industry.
This announcement is in line with the company’s commitment to bringing affordable legal services to the world by empowering people with artificial intelligence and human expertise.
LegalSifter offers its products to thousands of people and partners in 22 countries. The company has developed a strong reputation for its core values of speed, security, humility, intelligence, boldness, and balance.
A spokesperson for Victor Insurance said, “Contract reviews on insurable issues are an integral part of the risk management process that supports our design firm insureds’ ability to manage their contractual risk. The Victor Contract Sifter not only speeds up that process, but it also places more control in the insured’s hands by delivering an automated, do-it-yourself tool and on-demand access to high-quality risk management expertise.”
Interested parties can discover more by visiting https://www.victorinsuranceus.com/Content/News/New_Releases/Victor_launches_AI-powered_contract_review_service_in_collaboration_with_LegalSifter;_a_first_for_design_professionals.aspx
1918 Smallman St
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No People Babble journalist was involved in the writing and production of this article.