Contractual Risk, Insurance and Indemnities

Business Management

 The process by which an individual determines direction, influences a group, and directs the group toward a specific goal or mission. 

Contractual Risk, Insurance and Indemnities

Course Description

In every organization, care is taken to manage risks by seeking to eliminate those that can be removed
and reducing and managing the remainder. Part of this process involves developing robust contracts
which apportion risk equitably and include a structure of indemnities with contractors, supported by
a comprehensive insurance regime. In addition, it is important that contract personnel understand
contractual risks and what insurance can (and cannot) do to remove the financial consequences of
such risk; remembering always that insurance only mitigates the effect of risk, it does not make the
risk itself go away

This Contractual Risk, Insurance and Indemnities online training course is designed to:
• Provide an understanding of contract structures, and how and why contracts are drafted in
particular ways
• Provide an understanding of some of the main clauses in different types of agreements
• Help participants to understand the meaning of insurance arrangements, and the terminology
• Ensure participants appreciate the effect of insurance, and it limitations in the management of
• Explain how to use contract provisions to reduce the risk of disputes, and where disputes do arise,
some of the methods by which disputes are resolved in international contractin

    Contractual Risk, Insurance
    and Indemnities

    ✓ To provide a more in depth understanding of the elements of a contract
    ✓ To understand how to analyse complex contact documents, and the inter-relationship
    between clauses
    ✓ To understand how to develop effective indemnity regimes
    ✓ To understand the different types and forms of indemnities in different contracts
    ✓ To understand how to use indemnities to manage risks
    ✓ To understand the limitations of indemnity clauses
    ✓ To understand how to link indemnity and insurance arrangements
    ✓ To understand what types of insurance are available in a contracting context
    ✓ To understand how to develop insurance clauses
    ✓ To be aware of the latest thinking in dispute resolution techniques

Get In Touch For More Information

Contact us for a quote or in case of any urgent queries please send us an email on: info@orientmct.com
we will get back to you right away!