Contract Reviews

We routinely review vendor contracts, leases, etc. from a risk management perspective to comment on the degree to which you may be accepting more risk than necessary and/or to which you may be able to transfer away risk to others via the use of indemnification, hold harmless, limitation of liability, insurance requirements, and similar contractual provisions. We can also help you review insurance certificates when received from third parties to be sure that the coverages and terms you require in your contracts are properly provided and reflected in the certificate of insurance. The extent to which you can deflect risk via aggressive contractual risk management and access to insurance coverage carried by third parties can reduce the likelihood and necessity of a claim on your insurance program. Reduction of potential insurance claims has both qualitative benefits in terms of favorable insurer relationships and quantitative benefits in terms of retentions/deductible dollars saved and reduced insurance premiums in the future.