Contract Review Services
Master Contracts, Minimise Risk
In the complex field of insurance, the fine print is crucial. We dissect every clause, ensuring your contracts are compliant and your interests protected.
Expertise That Works
Master the Fine Print
At Knightcorp, we conduct deep dives into our client contracts, led by service team professionals within the client’s industry. Our team boasts a trifecta of competencies that set us apart in the realm of contract review.
- Insurance Legislation Knowledge: Our team have a deep understanding of insurance regulations and industry requirements, helping you navigate compliance considerations and align your contracts with best practices.
- Risk Assessment Experience: We meticulously identify potential liabilities, safeguarding your interests against unforeseen exposures.
- Indemnity Clause Acumen: Our team scrutinises indemnity provisions and provides guidance to assist clients in their negotiations to ensure they are balanced and protect the organisation’s interests.
Related Insights
Step By Step – Contract Review Process
Step OneUnderstand Your Needs:
We start by discussing your goals and concerns around the contract / tender that you are negotiating.
Step TwoAnalyse the Contract:
Knightcorp reviews terms to identify risks and liabilities or potential effects on your policy coverage.
Step ThreeCheck Insurance Requirements:
Ensure your coverage aligns with contract obligations.
Step FourHighlight Gaps:
We pinpoint areas where additional protection may be needed.
Step FiveInsurer Negotiations:
Discuss any necessary amendments to cover with relevant insurers.
Step SixRecommend Solutions:
Provide advice to you on any policy updates or amendments that might be required including any cost implications.
Step SevenSupport Your Negotiations:
Help you navigate contract discussions confidently.
Frequently Asked Questions
Demystifying Insurance
Is a contract review essential for my insurance program or just an optional add-on?
A thorough review of a contract’s insurance requirements can help identify potential coverage gaps and ensure alignment with industry standards. While not mandatory, understanding these obligations is crucial in managing risk effectively.
How does the contract review process work?
Our service team analyses your contracts in detail, focusing on critical areas such as indemnity clauses, liability limits, and insurance requirements, providing actionable insights to mitigate risks.
Can Knightcorp review existing contracts?
Definitely. We can review existing contracts to identify areas of concern and recommend strategies to address potential issues moving forward.
What kinds of contracts does Knightcorp typically review?
We’re happy to provide guidance on most contracts from an Insurance and Indemnity perspective. We ensure they align with your insurance coverage and risk management strategies.
What’s the turnaround time for a contract review?
It depends on the complexity of the contract, but we prioritise efficiency and will always try to meet your business timelines.
Leadership
Meet Andrew
Andrew Carr brings 25 years of industry experience to Knightcorp’s Contract Review Services, assisting businesses to effectively manage their contractual risks. With a deep understanding of liability exposures and policy wordings, Andrew helps clients navigate complex agreements, identifying potential gaps and ensuring insurance coverage aligns with contractual obligations. His meticulous approach provides clients with confidence and peace of mind in their operations.
