Contractual Risk Transfer Canada
It is often said, “Where there is no risk, there is no reward.” It is impossible to eliminate all risk, but, at the same time, it is foolish to accept all risk. Risk should not be visualized as a two-dimensional line. The most successful corporations understand how risks can be allocated between parties, trade-off between types of risk, use of third parties to deal with certain types of risk and have a good understanding of the nature of the most common risks. This course provides a more in-depth understanding of the nature of risks in the Canadian context to allow business decision makers to reduce risk economically. Canadian contractual and tort law is similar enough to U.S. law that many U.S. risk managers assume it is the same — except it is not — and the differences are important when negotiating contracts with or between Canadian business entities because a wrong assumption can have significant consequences.
By the end of the workshop, you will learn how to understand and draft a contract that effectively transfers risk while reducing your company’s exposure to loss. Further, you will have the tools you need to feel confident in the terms of your contracts with other parties, and the knowledge to engage in more productive discussions of risk transfer, from negotiating with service providers to communicating with your company’s stakeholders.
RIMS Members: $775 USD | Non-Members: $1,175 USD (see registration details below)
Continuing Education Credits
CE, CLE, and CPE, click here for eligibility and hours
WHAT YOU WILL LEARN
In this class you learn the most important aspects of Canadian contractual risk transfer. Course participants walk away with the ability to:
- Determine when it is appropriate to transfer risk
- Apply a simple, repeatable process to draft a contract to transfer risk while reducing your company’s exposure to loss
- Create a glossary of definitions to clarify a contract
- Draft an indemnity agreement
- Identify key strategies and techniques strategies
WHO SHOULD ATTEND
This program is for all Canadian risk professionals with an interest or responsibility in protecting the organization from the effects of disruptive events. Also, any individuals who work with Canadian companies who are interested in the differences of tort law.
RIMS education courses are designed primarily for risk and insurance professionals, but anyone within an organization who wants to learn more about a specific topic of interest is encouraged to attend.
Formats: Live virtual, in person, corporate training, or RIMS chapter event. Contact PD@RIMS.org for more information.
May 18 – 19, 2022
October 19 – 20, 2022
For registration assistance, please contact PD@RIMS.org.
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.
All requests for refunds or changes must be submitted in writing to RIMS at pd@RIMS.org. 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.