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Webinar #4 of 5: Read your construction contract “Risky business: Insurance, contract security, and indemnification”

Read your construction contract – A series of five webinars to keep you out of trouble!

We’ve all heard of the “big three” risk provisions: insurance, contract security, and indemnification. But what do they do and mean? Insurance is the most widely accepted means of financing contractual risks, along with contract security in the form of bonds. However, many lack a deeper understanding on these all important and critical risk provisions.

Join us as we deconstruct the contractual risk provisions of insurance, contract security, and indemnification - and learn how to better protect yourself.

Learning objectives:

• While insurance is a requirement in construction contracts, a deeper understanding of the value of insurance and the risks around what might not be covered
• A deeper understanding of performance and payment bonds
• Develop an awareness of the risks associated with indemnification provisions, the contractual timing provisions around waivers of claim, and warranty
• The meaning of the terms Indemnification and Hold Harmless and how these obligations operate in the contract

Our expert presenters include:
1. Frank Faieta, Vice President, National Surety Risk Management, Trisura Guarantee Insurance Company
2. Geza Banfai, Counsel, McMillan LLP
3. Greg Petrella, Chairman, Petrela, Winter & Associates
4. Glenn Ackerley, Partner, WeirFoulds LLP [Moderator]

May 15, 2023 01:00 PM in Eastern Time (US and Canada)