Victor Contract Sifter is an AI-powered contract review tool that allows insureds to upload a professional liability contract and receive actionable guidance within minutes.
This market-changing offering combines Victor’s insurance coverage and risk management expertise with Legal Sifter’s artificial intelligence-powered contract review software.
Victor Contract Sifter provides you with a fast and easy way to spot potential coverage issues and receive actionable guidance on common issues that relate to insurability in professional services agreements. Victor is leveraging AI to expand the accessibility of its contract review services and to provide you with access to real-time and practical risk management guidance.
The software uses AI, in the form of “Sifters,” which are trained to read text and identify important and relevant insurability concepts in contracts. The Sifters learn from user feedback and improve over time. Victor’s in-context expert advice regarding issues of professional liability is embedded in the product and is available to users in every Sift. An integrated routine of “Sifting before you sign” in the contract review process will help design firms embed good risk management practices into their culture.
Issue spotting and in-context expertise
After you upload a professional services agreement into Victor Contract Sifter, within minutes, the product identifies common insurability and practice management issues and offers Victor’s guidance on those issues, including:
- an explanation of the concept or issue;
- professional liability or insurability concerns associated with the issue;
- a recommended response; and
- sample language.
Efficiency and standardization
AI-powered issue spotting speeds the process of contract review. Over time, you will gain lasting insight into key issues and learn how to respond effectively to those issues as you negotiate contracts. This approach to contract review may reduce risk and increase standardization of contract terms.
An effective training tool
The product serves as a great teaching tool for contract reviewers who may not be familiar with liability issues in the design and construction industry.
A complete solution
The final redlined document with commentary can be exported out of the application as a Word document. The edited redlined document with proposed modifications can be sent as an attachment to your client, which will ease the contract negotiation process.
To learn more, log in or request for access, please visit Victor Contract Sifter.