We have extensive experience in reviewing Insurance and Indemnity clauses in contracts you might be asked to sign. Often these clauses contain obligations to accept risk and responsibility for claims over and beyond your obligations at Common Law. By signing such a contract, you may be taking on risk for which you have no Insurance cover.
We are able to identify such contractual clauses and provide guidance as to what can be done to mitigate this risk.
A common risk scenario we encounter is members or supporters of clients arranging a charity or fund raising event for the benefit of the client. While the organisers of such events are well meaning, they often arrange these activities without the knowledge of the client and without factoring in the cost of Insurance. Once such an event has been arranged and costs to run it outlaid, there is pressure on the client to insure the event, with the cost of the insurance often being more than the generated funding.
We provide specific advice on how to manage such situations and other risk reduction measures.
The most common risk retention strategy is Insurance. We can provide experienced advice on what policies are required and to what levels.
We can also provide reviews of existing portfolios and advise where any over insurance or gaps might be.