Contractual Risk, Insurance and Indemnities
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Business Management
The process by which an individual determines direction, influences a group, and directs the group toward a specific goal or mission.
OrientMCT
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
used
• Ensure participants appreciate the effect of insurance, and it limitations in the management of
risk
• 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
- TRAINING OBJECTIVES
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!