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

• 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

This webinar will cover 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

Diane Jenkins BA [Hons], ACII, Chartered Insurance Broker – technical insurance trainer

Diane has huge experience working with major Brokers across a range of roles and disciplines, to include:

• Placement
• Programme design
• Training
• New business
• Client Servicing
• Mergers and Acquisitions (M&A) due diligence

Diane is now one of the most highly respected technical insurance trainers to the insurance market. Diane’s strength is in practical application of knowledge with specific specialisms including Business Interruption, Cyber and Property Owners.

She is the Education Secretary and former chairperson of the London Business Interruption Association. She was part of the IIL Advance Study Group - Business Interruption Policy Wordings and has collaborated with the authors of several Business Interruption textbooks.

She is a member of the Cyber Insurance Association, and she carries out the insurance cyber policy reviews for Cyber|Decider (https://www.cyberdecider.com/).

Diane’s work includes delivery as an Associate for Nick Thomas & Associates.