Contract Analysis

It's In The Details

Contracts not only define the terms of the relationship between the parties but are also a significant risk transfer tool. These legally binding agreements may contain clauses that attract significant and potentially unacceptable risks to the Client. Careful review of contracts from a legal, risk management as well as insurance perspective is highly recommended prior to their execution.

• Risk mitigation & avoidance
• Ensuring compliance with insurance policy terms, conditions & limits
• Determining the reciprocity of the indemnity and hold harmless clauses
• Reviewing the acceptability of any limitation of liability
• Ensuring here is no waiver of claims or subrogation.

What To Look For

Does the contract contain a clause to waive any and all claims that you and your insurer may be legally entitled to recover as a result of the negligent actions of the party with whom you are contracting with? Is the insurance required in keeping with the insurance coverages that are available to you? Is the hold harmless and indemnification clause attracting risk?

Value in Experience

Lýseis has significant expertise in contract analysis from both an “insurance and risk management” perspective identifying specific risk factors that may adversely affect its clients and providing recommendations as a risk mitigation measure.