Reviewing Contracts For Their Insurance Implications
-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
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.