This class is eligible for CLE Passport use. You will be able to select the CLE Passport as your payment method for no additional cost when registering for this course.
Credits: 1.0 General Credit hour
Description: Indemnity and insurance provisions are critical – and often complex – components of commercial contracts. Understanding how these clauses function and interact with primary and excess insurance policies can make all the difference in protecting your client or company from unexpected liability. In this fast-paced and practical class, our experienced faculty walk you through the legal principles, common pitfalls, and strategic considerations related to indemnity agreements and insurance coverage. Whether you draft, negotiate, or litigate contracts, you’ll gain actionable insights to strengthen your approach. The following are among the topics the panel discusses:
- The scope and structure of indemnity clauses in various commercial contracts, including vendor, construction, and service agreements
- The relationship between indemnity provisions and corresponding insurance coverage
- Key distinctions between insured contract coverage and additional insured coverage – why it matters
- Common pitfalls in reviewing insurance policies and how to avoid them
- Best practices for drafting and negotiating indemnity and insurance provisions to position your client or company for successful claims against primary and excess insurers
Designed for in-house counsel, transactional attorneys, and litigators alike, this class offers essential guidance for navigating the intersection of contract law and insurance in today’s risk-conscious business environment.
Faculty:
Timothy Monahan, Lockton Companies
Sergio F. Oehninger, Morgan, Lewis & Bockius LLP
Jaswant Singh, Morgan, Lewis & Bockius LLP
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