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  • videocam On-Demand
  • signal_cellular_alt Intermediate
  • card_travel Insurance
  • schedule 90 minutes

Insurance, Indemnity, and Contribution: The Complex Interplay in Commercial Transactions

Drafting Indemnification Provisions and Ensuring Adequate Coverage for Contractual Liabilities

$297.00

This course is $0 with these passes:

CLE
ALL
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Description

Indemnification agreements are widely used to shift risk in a variety of commercial transactions. Insurance coverage counsel must understand the impact of indemnity agreements on insurance--who is ultimately responsible for the claim? When and how is this responsibility shared?

Coverage disputes often arise when attempting to reconcile indemnity agreements and insurance policies. "Other insurance" clauses and exclusions for liabilities assumed by contract provide fertile ground for disputes and litigation.

The indemnitor must negotiate contractual provisions that limit the scope of the indemnification. The party seeking indemnification must negotiate provisions that address the indemnitee's negligence, additional insured status, and scope of the defense.

Listen as our authoritative panel of insurance attorneys discusses the law of contribution and indemnity and how to reconcile contractual indemnity language with insurance policy provisions. The panel will offer best practices for drafting contractual indemnification provisions.

Presented By

Jessica E. Brown
Attorney
Reed Smith

Ms. Brown’s practice focuses on complex insurance coverage litigation. She has represented clients in matters involving toxic tort, environmental, intellectual property and weather insurance coverage disputes. She has also represented clients in disputes involving private indemnity agreements.

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William K. McVisk
Partner
Tressler

Mr. McVisk focuses his practice on complex insurance coverage litigation and hospital law and medical liability. He has handled all areas of coverage and bad faith litigation, especially third-party bad faith and coverage litigation involving commercial general liability, professional liability coverages as well as personal lines coverages such as auto and homeowners coverages.

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Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.


  • Live Online


    On Demand

Date + Time

  • event

    Thursday, September 21, 2023

  • schedule

    1:00 p.m. ET./10:00 a.m. PT

  1. Contribution and indemnification
    1. Contribution: comparative fault, statutory contribution, the effect of settlement
    2. Indemnity: contractual, implied, imposed by law
    3. Contractual indemnification: limitations, duty to defend, right to independent counsel, additional insured provisions
  2. Reconciling indemnity obligations and insurance policies
    1. Other insurance clauses
    2. Exclusion for liability assumed by contract
  3. Evaluating and drafting indemnity provisions
    1. Indemnitor perspective
    2. Indemnitee perspective

The panel will review these and other key issues:

  • What are the parameters of statutory and common law indemnity, and how can parties alter these obligations contractually?
  • What are common types of "other insurance clauses," and how do they interact?
  • How can counsel craft contractual indemnification provisions that protect clients whether the indemnitor or indemnitee?