CONTRACT REVIEW
Loan agreements, construction agreements, service agreements—virtually all commercial contracts contain detailed terms requiring that each party carry specific insurance coverage and outlining the circumstances where one party is obligated to indemnify another. Although these provisions are ubiquitous, many legal professionals are not familiar with insurance concepts and commonly need guidance from insurance experts. We work with you and your legal counsel to review your contracts and develop realistic, workable solutions without disrupting your ongoing operations.
As part of our contract review services, we can help:
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Confirm you carry all insurance required by other parties
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Review other parties' insurance certificates to confirm compliance with your insurance requirements
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Revise indemnification provisions to be fair and reasonable
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Reconcile non-compliance by requesting accommodation for reduced insurance (lender variance requests)
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Propose clear and specific revisions to agreements under negotiation
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Audit form agreements and develop template insurance requirement exhibits for regular use