PROACTIVE MANAGEMENT OF CONTRACTS IS A CORNERSTONE OF ANY RISK MANAGEMENT PROGRAMME
Failure to limit a company’s exposure under contract, or to ensure that any insurance programme fully reflects any exposures that are accepted, can leave a company exposed to often unquantifiable potential losses.
Our experience is that clients are often left frustrated by insurers and intermediaries unwilling to provide them with any real guidance or advice on contracts and how they fit into existing insurance provisions. It is common for insurers and brokers to say that any contract terms will be covered, as long as they comply with the terms of the insurance policy!
Bollington believe that proactive advice is essential and that part of a broker’s service should include interpretation of a client’s commercial exposures, beyond the bland stock disclaimers. As part of our service, we are happy to review all forms of contracts and advise as appropriate, including:
• Lease Agreements
• Construction Contracts – whether standard contract terms or bespoke
• Sales and Purchase Agreements
• Sales of Goods or Service Provision Agreements
• Service Level Agreements
• Warranties and Indemnities