RIMS NEWS


Insights for Contract Drafters: New Report from IRMI Available in RIMS Resource Library 12/9/2010

 

Too many business contracts being used today include insurance clauses that use outdated, ambiguous, and misleading insurance terminology. The result is a contract provision that does not achieve its purpose and can lead to costly disputes or legal battles. This new report from the International Risk Management Institute illustrates how, with a little homework and due diligence, these provisions can be updated to better protect the party imposing the requirements while reducing the burden on the party accepting them. Continue reading about this important issue by visiting this report in the RIMS Resource Library.