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Chartered Insurance Institute
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Intermediate contract vetting - one day course
 

Overview

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.

Programme

  • 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
    • Indemnities
    • Hold harmlesses
    • Waivers of subrogation
  • Relevant insurance clauses
  • Responding to contractual queries
    • Standard "To whom it may concerns"
    • Completing contractors' questionnaires.

Learning outcomes

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 subrogation clauses
  • Advise insured whether they currently purchase the insurances required by the contract
  • Advise insurers appropriately of the contractual arrangements
  • 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.

CPD hours

Attendance of this course awards up to 6 CPD hours where you consider it relevant to your professional development needs.

Book online

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 corporate clients.

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 clients.