Intermediate contract vetting - one day
Brokers are often asked to comment on the insurance implications
of commercial contracts by customers. This can be difficult as they
are insurance advisors not legal advisors but it is still useful to
have a good understanding of the risk and insurance implications of
commercial contracts. In this one day course (through a series of
case studies) we examine various commercial contracts and discuss
and analyse their risk and insurance implications.
- Different types of contract
- Employment contracts
- Leases for land and buildings
- Contracts for supply of goods or services
- Contracts for construction, installation and erection
- Collateral warranties
- Contract law (overview)
- Key contract clauses to review
- Insurance clauses
- Additional insured v co-insured v joint
- Relevant insured requirements
- Hold harmlesses
- Waivers of subrogation
- Relevant insurance clauses
- Responding to contractual queries
- Standard "To whom it may concerns"
- Completing contractors' questionnaires.
At the end of the course you will be able to:
- Understand different types of commercial contract
- Identify the relevant portions of a commercial contract that
impact the client's exposures and insurance requirements
- Outline the impact of indemnity, hold harmless and waiver of
- Advise insured whether they currently purchase the insurances
required by the contract
- Advise insurers appropriately of the contractual
- Draft and complete "To whom it may concern" letters and
contractors' questionnaires appropriately
- Explain to customers why all contractual liabilities are not
covered by insurance.
Who should attend?
Brokers who are asked to complete contractors' questionaires or
review clients' contracts.
Attendance of this course awards up to 6 CPD hours where you
consider it relevant to your professional development needs.
Regional venues sold out!
Scheduled regional dates for this course have now sold out,
please keep checking the website for updates to availability. Dates
are added subject to demand and can also be run in-house for
London venues sold out!
Scheduled London dates for this course have now sold out, please
keep checking the website for updates to availability. Dates are
added subject to demand and can also be run in-house for corporate