The Interaction Between Project Contracts and Insurance Policies

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Finance,
Financial Planning,
Insurance,
Insurance Policy
Source:
Allens Arthur Robinson

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Overview: This paper looks at the following four issues concerning the interaction between project contracts and insurance policies: the importance of ensuring, as far as possible, that a contractor's insurance policies protect those risks which fall on that contractor under the project contracts; the various means by which the scope of cover provided by insurance policies will determine the allocation of risk under the project contracts; the management of the consequences if both insurance policies and contractual indemnities respond to the same event; and the drafting of obligations to obtain insurance cover for the benefit of other parties.

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Format: PDF | Size: 53KB | Date: Nov 2004 | Pages: 7

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