Description
Parties to a construction contract rely on indemnification and insurance provisions to allocate risk, and liability for injuries and other losses during construction. However, the parties must draft clauses that will meet their risk mitigation objectives—boilerplate, arcane, or hastily-drafted language may result in unintended consequences.
Construction-related indemnity provisions are subject to states' anti-indemnity statutes, which limit the scope of liability that parties may transfer by contract. Understanding variances among the states' laws and judicial opinions interpreting such laws is crucial to avoid unfavorable results.
Through carefully drafted indemnification and insurance provisions, counsel to parties in construction contracts can proactively address future risks and minimize the likelihood of future disputes.
Listen as our authoritative panel of construction law attorneys discusses best practices for drafting and negotiating insurance and indemnification provisions that effectively mitigate risk.
Presented By
Mr. Bobotek guides clients through all phases of development and construction of commercial properties, including preparation, review and negotiation of development, design, construction, design-build, and related agreements. He also counsels clients in analyzing insurance coverage claims, formulating risk management strategies, and developing contractual insurance requirements. Mr. Bobotek has secured many favorable outcomes for commercial policyholders on CGL, builder’s risk, commercial property, business interruption, E&O, cyber, professional liability, D&O, pollution, fidelity and other claims.
Mr. Taubenfeld represents policyholders in every kind of dispute they may have with their insurers. He represents corporate and individual insureds in coverage and bad faith lawsuits and arbitrations against insurance carriers under directors' and officers' liability, first party property/business interruption, errors and omissions, professional liability and general liability policies, among others. He has secured millions of dollars in coverage for his clients through negotiation and litigation.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, March 21, 2023
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Drafting insurance provisions
- Selecting insurance coverage
- Additional insured endorsements
- Certificates of insurance
- Drafting indemnification provisions
- Most common types of state anti-indemnification statutes
- Forms and levels of severity of indemnification
- Review statutory and case law on anti-indemnification
- Clearly define indemnification terms
- Determine scope of indemnification
- Third-party beneficiaries
- Interplay between insurance and indemnification provisions
The panel will review these and other crucial issues:
- What approaches have proven effective for construction counsel in negotiating indemnification and insurance provisions in construction contracts?
- How have various states' anti-indemnity statutes impacted the ability to shift liability from contractors to subcontractors in construction contracts?
- How can parties to a construction contract identify the optimal types and terms of insurance coverage for their specific project?
- What is the interplay between insurance and indemnification provisions in construction contracts?
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