Commercial contracts often require the party with less bargaining power to procure insurance for the party with more bargaining power as a way to shift risk and potential liability. General ...

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It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...

Unfortunately, insurance requirements in contracts are not easy to understand. The language used in insurance requirements is not always intuitive, but we all know that the consequences of not having ...

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Discover how extra-contractual obligations clauses in reinsurance impact insurers and reinsurers, covering expenses due to negligence, bad faith, or regulatory penalties.