Print Page   |   Contact Us   |   Sign In   |   Become a Member
Search
Harmonizing Risk Transfer in Commercial Agreements and Insurance Policies Related to Construction
Tell a Friend About This EventTell a Friend
 

Learn how to effectively transfer risk and avoid potential pitfalls on your construction project

12/10/2015
When: 12/10/2015
1:30 PM
Where: Online Webinar
Presenter: Lorman Education
Contact: Lorman Education

« Go to Upcoming Event List  

This is a Lorman Education Online Webinar.  AIC Members receive discounted registration.  This webinar is approved for CPD credit.

 

Click here to register online. 

  

Every company involved in a construction project should evaluate risks and consider whether and how to transfer risks when entering into commercial arrangements with other companies engaged in the construction project. However, few fully understand the legal mechanics involved in effectively transferring risk and the potential pitfalls incurred when risk transfer fails. This topic will describe how to effectively transfer risk through commercial agreements and insurance policies and the process that needs to be followed to ensure all parties to such a transaction understand where the risk lies in the event of a loss. This topic will also explain how to establish effective loss control and claims submission strategies to mitigate risk and respond in the event of a claim. Failing to plan for and properly document risk transfer arrangements in commercial agreements and insurance policies far too often results in a costs being incurred for defense of claims and loss payments even where the parties intended the risk to be transferred.

 

- You will be able to review the key components necessary to effectively transfer risk in a commercial transaction related to construction projects.

- You will be able to describe how to effectively transfer risk from one party to another through commercial agreements related to construction projects.

- You will be able to discuss how to utilize indemnity provisions and insurance requirement provisions.

- You will be able to recognize the risks transferred in insurance policies when adding another party as an additional insured.

 


more Calendar

12/12/2016
Common Ways You Are Overstating Construction Claims

1/5/2017
Implied Obligations in Construction Contracts

Featured Members
Online Surveys

 

  

  

 

Membership Management Software Powered by YourMembership  ::  Legal