Course overview
This highly practical workshop-style training course is designed for professionals eager to deepen their understanding of commercial contracts, with a special focus on insurance clauses and policies. Learn how organisations can effectively mitigate risks by selecting the appropriate insurance policies.
Insurance policies are separate contracts but are closely related to commercial contracts in terms of risk management and compliance requirements. Understanding both types of contracts and how they relate to each other is crucial for managing business risks.
It is common practice to reference insurance policies within commercial contracts. A commercial contract may require one party to obtain and maintain specific types of insurance, for example, liability insurance, PI insurance, business continuity insurance, transit insurance, to name a few. Commercial contracts may outline the types of insurance required, minimum coverage required and the need to provide proof of insurance.
Many managers seldom get the chance to thoroughly read insurance policies, and advising management without a solid grasp of these policies can be catastrophic for an organisation. This training course will equip you with the knowledge to navigate and understand the intricacies of insurance within commercial contracts, ensuring you can provide informed and strategic advice.
Enhance your skills and become a more effective manager by understanding the risks to your business. Join the expert trainer to take your knowledge and expertise in commercial contracts to the next level.
"If you understand the risk to your business, you are a better manager." - Manoj Nair
CPD Hours: 3
Course Content
- Day 1
- Terms and conditions of insurance contracts
- Understanding subrogation and waiver of subrogation
- Deductibles in insurance contracts
- Types of Insurance
Speakers
Manoj Nair
Manoj Nair is a Partner with SVM Contract Consultants. He has over 25 years of professional experience in consulting and training. He advises clients on how to improve their contracts and take preventative steps to reduce claims. He has advised companies in India and around the world on procurement/contract management processes, tender/bid management, FIDIC conditions of contract, vendor management, supply-chain contractual risk, contract negotiations, contract administration, claims management, contract drafting, bankruptcy laws and US FCPA and UK Bribery Act, anti-money laundering and counter terrorism financing, and dispute resolution.
He has worked with diverse clientele throughout his career including companies from the construction, energy, power, EPC, telecoms, IT, travel, insurance, manufacturing, media, banking and oil and gas sectors.
He has extensive training experience and has to date conducted 350 + corporate training's, on topics including: contract drafting and negotiations, contract/procurement management, tender/bid management, outsourcing contracts, proposal writing, vendor management, negotiations for supply chain managers, FIDIC Conditions of Contract, US FCPA and UK Bribery Act, anti-money laundering and counter-terrorism financing, business case writing, claims management and negotiations.
He is fluent in English and Hindi.
