Managing Contractual Liabilities: Using Indemnities and Insurance

Every commercial transaction carries risk: your organisation can manage risk by contractually determining the nature, content and consequences of both yours and the other party’s actions and omissions. Contracts give rise to a range of liabilities by parties assuming rights, responsibilities, duties and obligations, but which can be managed through contractual mechanisms.

This Managing Contractual Liabilities training course considers how your organisation can identify and manage key contractual risks and liabilities – what are they, what do they mean, what are the consequences, who takes the risk, and who pays? It focuses on how best to deal with key contractual liability issues to minimise your potential exposure to both the financial consequences and damage to your reputation.

This Managing Contractual Liabilities training course will feature:

• Nature of contracts and contracting structures
• Principal contractual liabilities
• Managing risk through indemnities
• The purpose of insurance, types and limitations
• Using contract provisions to reduce the risk of disputes

By the end of This Managing Contractual Liabilities training course, participants will be able to:

• Identify when a contract becomes legally enforceable
• Assess and manage key contractual liabilities
• Analyse the way indemnities operate across industries
• Evaluate the need and use of different types of insurance
• Compare ways of dealing with claims and disputes

This Managing Contractual Liabilities training course will benefit a wide range of personnel involved with contracts and project management, purchasing, supply and procurement, and will greatly benefit:

• Contracts Engineers
• Project Managers
• Procurement and Purchasing Staff
• Finance and Audit Professionals
• Anyone involved in the management of risk

This Managing Contractual Liabilities training course will use a variety of proved adult training techniques to ensure maximum understanding, comprehension and retention of the information presented.  It will include high levels of participant discussion, group interaction, group exercises and case studies. Delegates will be encouraged toraise their own issues and challenges faced within their industry or organisations for discussion.