Insurance Requirement Provisions in Commercial Contracts: Mitigating Risk, Maximizing Coverage, Indemnification

This CLE course will guide business counsel on addressing insurance requirement provisions in commercial contracts. The panel will discuss steps to determine the appropriate type and amount of insurance coverage, critical issues with additional insured coverage, and the interplay between insurance coverage provisions and contractual indemnification.

Most commercial contracts require one or both parties to purchase minimum levels and types of insurance to cover the risk of any reasonably foreseeable losses. Some agreements further require that each party to the contract add the other as an additional insured under its insurance policy to maximize insurance coverage in the event of a loss.

Understanding the relationship between insurance requirement provisions, additional insured coverage, and contractual indemnification is key to maximizing coverage and managing risk.

Listen as our authoritative panel explains best practices for addressing insurance requirement provisions in commercial contracts. The panel will provide strategies for selecting the appropriate type and amount of coverage and reconciling insurance coverage with contractual indemnification.