21
Apr
2015

For Richer, For Poorer, Till Death Do Us Part: Ensuring a Harmonious Marriage Between Contractual Indemnity and Insurance

Greater Philadelphia Delaware Valley 7th Annual In-House Counsel Conference

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DATE: Tuesday, April 21, 2015

TIME: 8:30 AM - 9:30 AM

VENUE: The Sheraton Hotel, 201 North 17th Street - Philadelphia, PA

The arranged marriage between contractual indemnity obligations and insurance is a common feature in many commercial contracts. However well-intentioned the relationship may be at the outset, all too often after the honeymoon ends, irreconcilable differences emerge between the couple and court intervention is necessary to allocate the assets. Not to despair, as a successful wedding of these two risk transfer mechanisms can be accomplished with careful attention and consideration in the drafting phase. Explore how to accomplish a successful, lasting pairing of indemnity and insurance from the perspective of both the indemnitor and indemnitee. Learn through case histories how to avoid common pitfalls of the interrelationship between these provisions, as well as how to effectively navigate turbulent waters should conflict arise.

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