Contractual Risk Transfer
(A RIMS Fellow Workshop)
This workshop will address commercial contracts and insurance policies as risk transfer vehicles relating to commercial insurance, insured agreements, indemnity agreements and captive insurance.
You’ll learn the skills needed to understand and draft a contract that effectively transfers risk while reducing your company’s exposure to loss.
How You Will Benefit
By attending this workshop, risk managers and other professionals will learn to:
- Spot red flags when reviewing contracts to identify risk transfers between parties
- Draft a basic indemnity agreement that maximizes enforceability
- Apply alternative contract language to ensure appropriate risk transfer
- Effectively document claims to minimize loss exposure
- Develop and use subrogation strategies as a successful means of recovering loss
Who Should Attend
Professionals responsible for contract review, drafting or negotiation, and risk managers involved with commercial contracts and insurance policies.
What You Will Cover
- Appropriate risks to transfer and when to transfer them
- Contract basics: types, terms and provisions
- Drafting, reviewing and enforcing indemnity agreements
- Advantages and disadvantages of being named as an additional insured
- Strategies for loss control: subrogation, limitations of liability and overlap between contracts and insurance coverage
- Case studies
- Interactive exercises
- Group projects
- Sample worksheets and templates
We suggest that you register on-line for quick registration. If you are mailing us a check or doing a bank transfer, you need to fax us a copy of the registration form in order to hold your seat in the program. Registration is not guaranteed until we receive payment. If you wish to participate in a RIMS course, the registration fee needs to be received by RIMS before the first day of the course.
If you register by mailing a check or doing a bank transfer, you will be accepted as long as the program is not sold out when we receive your payment.
International Attendee Information/Travel Visas- APPLY EARLY! Visa applicants are advised to apply to the consulate as soon as they decide to attend a program. We suggest at least four months in advance to allow enough time for the visa approval process to take place.
Since registrations will be limited, we suggest registering as soon as possible.
If you have any questions or need additional information, please contact through our online contact form.
Cancellations and Refunds
RIMS reserves the right to cancel a course if conditions warrant. In the event of such a cancellation, registration fees will be refunded. RIMS is not responsible for any travel or lodging expenses that an attendee may incur due to such a cancellation. Before purchasing your airline ticket, please confirm with RIMS (pd@RIMS.org) that there are enough registrations to conduct the program.
All requests for refunds or changes must be submitted in writing. Registrants who cancel 15 business days or less prior to the start of the workshop can send a replacement from their company or receive credit to attend another workshop with the same duration and cost within a year of the cancelled registration. Please note if the member rate was paid for the original registration and you elect to send a replacement or transfer the credit to another employee of your organization who is not a member, an additional fee will be charged to offset the difference between the member and nonmember rate. No refunds will be issued for cancellations less than 15 days from the start of the workshop.