CPD WEBINAR: Reviewing Contracts for their Insurance Implications

Reviewing contracts for their insurance implications

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.

What will be covered in this session?

•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

• Improved understanding of the client’s liabilities associated with key contracts
• Ability to identify key areas of risk in commercial contracts.
• Improving advice given to clients about contract risk