Advising and Consulting of Insurance Coverage Issues Effectively Works to Mitigate Future Risk
Our team works closely with clients to advise and consult on preventative measures designed to avoid future disputes and litigation, including the development of insurance programs and procedures, as well as insurance requirements and best practices that effectively manage risk. We help companies build a culture of clear communication that will work to minimize disputed claims and establish a pipeline of constructive communication should any disputes arise in the future. Our clients find that such measures provide an added benefit of managed costs.
Our attorneys draft and negotiate contracts for our clients, including businesses working to protect their premises from vendor and consumer exposure to representing owners, general contractors, subcontractors and suppliers providing valuable assistance in evaluating and consulting on their insurance programs, including their national corporate practice policies as well as drafting of Controlled Insurance Program (CIP) and WRAP requirements.
We have handled the contractual development and negotiations of conventional insurance programs as well as the complex issues arising from Controlled Insurance Programs (CIP) and WRAPS, including working with insurance brokers and underwriters on their behalf to accomplish successful integration of insurance procurement and contractual requirements.
The firm has drafted and negotiated multi-phase Controlled Insurance Requirements (CIP) / WRAPS, in the commercial, residential and governmental sectors, negotiating with insurance underwriters on behalf of our clients for endorsement language and scope of coverage.
Our team has been retained by clients to craft contract language which serves to tie contractual indemnity to insurance requirements in efforts to avoid coverage gaps that can often be created when continuity of the contract is not assessed. Our attorneys work closely with brokers and underwriters to ensure that market capacity and the contract requirements coincide. The firm has been retained to draft CIP / WRAP manuals and to assist clients in complying with CIP / WRAP state statutory notice requirements.
The firm represented a renowned energy company during cutting edge international engineering procurement and construction (EPC) contract negotiations by drafting industry specific Controlled Insurance Program (CIP) and risk transfer requirements and obligations which were utilized to mitigate the clients’ exposure and protect their interests while constructing a nuclear power plant.