Webinar - Reviewing Contracts for their insurance implications

Wednesday, 24 April 2024
1:00 pm – 2:00 pm (UK time)

* Highly Recommended 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.

Learning Objectives

The learning objectives from this CPD session are as follows:

· 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

· 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

Trainer Biography:

Diane Jenkins BA (Hons), ACII, Chartered Insurance Broker
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 a highly respected trainer 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 Jenkins work includes delivery as an Associate for Nick Thomas & Associates.

CII Accredited

This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.

1 hour's CPD can be claimed for this event if relevant to your learning and development needs.

It is recommended that you keep any evidence of the CPD activity you have completed and upload copies to the recording tool as the CII may ask to see this if your record is selected for review. Details of the scheme can be viewed online at www.cii.co.uk/cpd.