Jonathan Cass, John Greenhall, and Travis Shaffer of Conner Strong & Buckelew presented “Risk Transfer Provisions – Are You Protected? Are You Exposed?” at the CFMA Mid-Atlantic Regional Conference on October 1, 2018.
This session offered a panel discussion focusing on contractual risk transfer provisions from three separate perspectives:
- Negotiating these provisions in construction contracts
- How these provisions impact your insurance program
- The real world implications when something goes wrong and these provisions are triggered
Attendees not only learned how risk transfer provisions can help shift risk to other parties in the chain of contract but also how this can lead to subcontractors unintentionally assuming outsized risks, including those that are potentially uninsured. This panel benefited representatives from both general contractors/construction managers and subcontractors as both perspectives were presented, analyzed, and discussed.
This program is approved for 1 CPE Credit in Specialized Knowledge.