Navigating Insurance Clauses in Commercial Contracts

This highly practical workshop-style training course is designed for professionals eager to deepen their understanding of commercial contracts, with a special focus on insurance clauses and policies.

Learn how organisations can effectively mitigate risks by selecting the appropriate insurance policies.

Insurance policies are separate contracts but are closely related to commercial contracts in terms of risk management and compliance requirements. Understanding both types of contracts and how they relate to each other is crucial for managing business risks.

It is common practice to reference insurance policies within commercial contracts.

A commercial contract may require one party to obtain and maintain specific types of insurance, for example, liability insurance, PI insurance, business continuity insurance, transit insurance, to name a few.

Commercial contracts may outline the types of insurance required, minimum coverage required and the need to provide proof of insurance.

Many managers seldom get the chance to thoroughly read insurance policies, and advising management without a solid grasp of these policies can be catastrophic for an organisation.

This training course will equip you with the knowledge to navigate and understand the intricacies of insurance within commercial contracts, ensuring you can provide informed and strategic advice.

Enhance your skills and become a more effective manager by understanding the risks to your business. Join the expert trainer to take your knowledge and expertise in commercial contracts to the next level.

"If you understand the risk to your business, you are a better manager." – Manoj Nair

This course is part of our

Commercial Management training courses

series which aims to help individuals gain confidence in a range of areas surrounding contract law, and broader business management knowledge.

Benefits of attending

By attending this training course you will:

how insurance can be used to identify and mitigate risks

Examine

the concept of Subrogation and Waiver of Subrogation

Learn

about the terms and conditions of insurance contracts including exclusions

Get to grips

the meaning of deductibles in insurance (from a project perspective)

Explore

the impact of third party liability in contracts

Consider

the types of insurance in commercial contracts like CAR, CGL etc.

how PI insurance and other insurance types work

Who should attend?

This training course has been specifically designed for:

Commercial and contracts managers

Purchasing and procurement managers

Buyers and supply chain professionals

Bid and tender personnel

Project management professionals

Professionals from risk, finance, management and legal functions will also benefit greatly from attending this course.

Terms and conditions of insurance contracts