INTRODUCTION
In every organization, care is taken to manage risks, eliminate those that can be removed, and reduce and manage the remainder. Part of this process involves developing robust contracts which apportion risk equitably and include a structure of indemnities with contractors, supported by a comprehensive insurance regime. In addition, it is important that contract personnel understand contractual risks and what insurance can (and cannot) do to remove the financial consequences of such risk; remembering always that insurance only mitigates the effect of risk, it does not make the risk itself go away. This program is designed to:
PROGRAMME OBJECTIVES
TRAINING METHODOLOGY
The program will combine conventional teaching with a high level of participation; including an interactive approach to involving participants in a discussion of topics; exercises; and encouraging participants to bring their own experiences forward for discussion and debate.
PROGRAMME SUMMARY
PROGRAMME OUTLINE
Commercial Risk and Mitigation through the Contract
How and Why Contracts Are Drafted
Insurance
Indemnities
Resolving Disputes