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The Additional Insured Illusion… and "Other Feats of Contractual Risk Transfer Magic Even David Copperfield Couldn’t Pull Off”
The Additional Insured Illusion… and "Other Feats of Contractual Risk Transfer Magic Even David Copperfield Couldn’t Pull Off”
 
Non-Member Price: $50.00
Member Price: $35.00

Product Code: AIBW111518

Description
 
Credit Notes
Approved for 2 Massachusetts Producer CE Credits
Approved for 2 New Hampshire Producer CE Credits

Instructors
Bill Wilson, CPCU

Class Dates
Thursday, November 15, 2018
12:00 PM - 2:00 PM

Location
ONLINE via GoToMeeting

Course Description

This webinar addresses contractual liability, additional insured, and related certificates of insurance issues that are the subject of controversy in the insurance industry. This program examines those issues and the disputes that invariably arise from them. The focus is on how to recognize the issues, understand their impact on all parties, how courts are interpreting controversies, and how to respond to claims and suits arising from the issues.

At the conclusion of this webinar, participants should be able to:

  • Understand the difference between indemnification and insurance and how insurance can rarely, if ever, be used to fully comply with indemnity agreements

  • Identify different types of contractual indemnity clauses typically found in construction contracts, leases, loan agreements, and other documents and understand their scope and enforceability

  • Understand how insurance policy provision apply to contractually assumed liability and how limited standard insurance products may be in facilitating contract compliance

  • Recognize how courts are interpreting contractual indemnification clauses, especially within the context of insurance policies

  • Identify the advantages and disadvantages of additional insured status and certificates of insurance and how to negotiate onerous requests for coverage or COI completion

  • Know how to read and understand common indemnity agreements and insurance compliance checklists required by contract and how to explain why requests are impossible to fulfill

Recognize the nature and extent of E&O exposures and examine how to minimize their frequency and severity via liability prevention and loss control techniques


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