Protecting Your Business from Contractual Risk
The last thing you need is a contract that voids your insurance, or loads you down with responsibility you can’t, or shouldn’t, take on. Whether you are the business asking vendors to sign a contract or the vendor signing, it’s imperative to know the contents of all your contracts. Just as important is working with an attorney to develop a strategy to transfer risk and avoid risk when appropriate.
A written agreement can help avoid misunderstandings and surprises, but only if you know what it says. Our risk advisors will discuss the importance of reviewing your company contracts with legal counsel and negotiating terms before signing.
Key Takeaways
• Understand how contracts fit into your overall risk plan
• Identify and eliminate language that can significantly increase your exposure
• Learn why outlining the specific responsibilities of each party is so important
• Discover the best ways to tailor insurance specifications to avoid costly liabilities
Presented by:
Lee Nestel
CBIZ New Providence President
CBIZ Insurance Services
Michael Hraber
Vice President
CBIZ Insurance Services
HRCI Credit: This activity has been approved for 1 HR (General) recertification credit hour toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through the HR Certification Institute. The program ID number verifying completion of the webinar will be emailed after the session (allow several days). NOTE: To ensure we can track your attendance so you receive the program ID, register using your email address and sign in using that address on the day of the webinar. (If you are in a conference room and/or otherwise use someone else's sign-on information, your attendance will not be recorded and the program ID cannot be issued.) YOU MUST ATTEND THE WEBINAR FOR THE FULL HOUR TO RECEIVE THE PROGRAM ID. More on certification or recertification at HRCI at www.hrci.org.