Tips and Tactics: Contractual Liability Coverage

Sponsored by Saxe Doernberger & Vita, P.C.

Purchase this archived webinar for the introductory price of only $39! The archived version is an exact replay of the live webinar and is available for you to access for six months.

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Webinar-At-A-Glance

Indemnity clauses operate independently of insurance to transfer liability from one contracting party to another. When contractors agree to indemnify upstream contracting parties, they naturally desire for this contractual liability to be insured, and this insurance is called “contractual liability coverage.” However, the insurance may be broader or narrower than the scope of liability being transferred in the indemnity provision. Thus, it is important to understand the scope of coverage provided by the commercial general liability (CGL) and other policies to determine what risks should be accepted in indemnity provisions. This webinar builds on the concepts discussed in the Indemnity session to discuss:

• Indemnity statutes
• Contractual liability coverage in the commercial general liability policy
• What contractual liability coverage does not cover
• How defense coverage applies (or does not apply) to contractual liability

Who Should Consider Purchasing

This webinar is designed for P&C agents and brokers, P&C underwriters, and those charged with managing construction risks, purchasing insurance for construction projects (e.g., risk managers and financial managers) or negotiating construction contract provisions. It will also be informative for consultants, surety agents and brokers, surety underwriters, and attorneys who wish to improve their knowledge of construction insurance.

Benefits to Your Participation

Attendees will gain a better understanding of:

• How indemnity or hold harmless clauses and contractual liability insurance coverage relate
• Risks that may be allocated to you (or your clients) in a contract that are not covered by contractual liability insurance
• Contractual liability coverage limitations commonly added to CGL policies and their implications
• Practical strategies for negotiating contractual insurance coverage

Continuing Education Credit Information

Attending seven construction-focused IRMI webinars, such as this one, will satisfy the annual reaccreditation requirement for the CRIS^® program. CPCUs attending this webinar will be awarded one (1) CPD (continuing professional development) program point. This webinar has not been filed for and will not satisfy state insurance CE requirements in any state. It has also not been filed for CLE or CPE credit, but you may be able to self-file after attending the program.

Expert Presenter

The presenter for this webinar has extensive experience in construction risk management.

Frank Keres is principal of Construction Risk Associates, Inc., with a main office near Chicago. He works with contractors and brokers, insurers, and owners who deal with contractors. He works on specific assignments and general consulting, and the majority of his work is as an outsourced risk manager. Before forming Construction Risk Associates, Mr. Keres was risk manager for Safway Services, one of the nation’s largest subcontractors with more than 70 locations. Mr. Keres has also worked within Aon Risk Service’s Construction Group and was one of the earliest construction risk managers when he worked for James McHugh Construction Company in Chicago. An energetic and enthusiastic speaker, he is a recipient of the IRMI Words of Wisdom award.

Following the presentation, attendees will have an opportunity to pose questions to the speaker.