Reviewing Contracts For Their Insurance Implications

Thursday, 26 May 2022
11:30 am – 12:30 pm (UK time)
    • Diane Jenkins ACII, Chartered Insurance Broker, Nick Thomas & Associates

-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

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