Executive Director, ERM, Ethics & Compliance - Pima Community College
Director of Risk Management - Wheaton College
BUS 2254 Don’t Pay Twice! Indemnification, Contractual Liability, and Additional Insured
Faculty: David Parker and Amanda Franklin
Course Description:
Your institution pays consultants and contractors to do a job and be responsible for any claims that arise. Your intent is that clear and concise contract language means you are protected – you only pay once when you pay the contractor. Many consultants and contractors, and especially their counsel, try to seriously limit their responsibilities and their exposure. Learn the nuances and interaction between insurance, indemnification, and limitation of liability clauses and their impact. You will leave this session and be able to immediately identify red flags and language that is preferred or to be avoided in contracts and, most importantly, have solutions to deal with those troublesome areas. We will also discuss what insurance provisions should be required and how to deal with self-insurers. After all, if unsuccessful, you’ll have to pay twice!
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