Author: Chris Boggs
If you deal with construction clients, you deal with contractual risk transfer, additional insureds, and primary and noncontributory problems.
In this 47-page Big "I" Virtual University Risk & Reality Report, author Chris Boggs discusses all of these time-zapping "issues" and answers three key questions:
1. What is the purpose of contractual risk transfer?
2. What is given to the Additional Insured?
3. Is the Primary and Noncontributory required necessary, ethical, or even legal?
Beyond answering these questions, the laws of equity that apply to these issues will be reviewed along with the three key equity concepts applicable to and the basis for this entire "problem." Boggs leads you through:
- The goals of contractual risk transfer;
- How Additional Insured status should be granted (and to whom);
- The laws of equity;
- The contractual disrupters of equity between parties; and
- The reality of the primary and noncontributory requirement.
Check out this Risk & Reality Report's Table of Contents.
What is a Big "I" Virtual University Risk & Reality Report?
Our Risk & Reality Reports are white papers adapted from various Big "I" Virtual University webinars and articles written by some of the industry's leading experts.