Reviewing contracts for their insurance implications

About the Webinar

This session is an excellent opportunity for delegates to better understand a service that is often requested by clients. The session explores the main issues typically found in contracts from both a broker and insurer viewpoint.

The webinar covers the following areas:

• What advice brokers and insurers cannot/must not provide
• Types of contracts to be reviewed
• Key parts of the contract that need to be reviewed
• Responsibilities – does the contract increase the common law position, subrogation waivers, hold harmless?
• Indemnities – what does the client promise to pay? How does this match policy language and exclusions? Is there a quantum limit, contractual liability exclusions in many liability policies?
• Obligations/duties – checking with Insurers before making commitments, extra fees?
• Insurance – types of insurance and limits required, key clauses required e.g., Principal’s Clause
• Key issues to look out for that may be a problem

Learning Objectives

By the end of the webinar, you will:

• Have an improved understanding of the client’s liabilities associated with key contracts
• Be able to identify key areas of risk in commercial contracts
• Be able to give improved advice to clients about contract risk

About David Hole ACII

David is an experienced insurance professional with a career spanning over 40 years; he has enjoyed wide exposure in the London Insurance Market and elsewhere resulting from his industry-specific training activity. 

David is a part-time complaint manager for a Lloyd’s coverholder, as well as a subject matter expert for the Chartered Insurance Institute, authoring and updating modules for the CII computer-based training programme, Broker Assess. His experience includes Head of Claims at Plum Underwriting Ltd, where he was responsible for managing the relationship between insurers and claims third party administrators, handling larger claims received via technical referral processes.

David has been delivering technical insurance training for over 20 years, to a variety of different industry customers in the UK and abroad and provides examination support for clients undertaking CII studies to achieve industry recognised designations. He provides training on many general insurance classes up to at least intermediate level to include motor trade insurance, cyber, marine cargo, commercial property, business interruption, liabilities, construction, engineering, and trade credit. He also delivers more generic underwriting and claims training.