Are you confused about legal or financial impact requirements, such as “primary and non-contributory” or “waiver of subrogation” in contracts? In this session, you will learn how to negotiate and limit your institution’s contractual insurance obligations, what to ask for when negotiating with third parties, and how to keep your sanity when reviewing contracts that are different every time you pick one up.
Objectives
+ Gain an understanding of insurance industry terminology and concepts commonly found in contracts + Apply this understanding to achieve favorable terms in contracts + Learn practical recommendations for improved contractual financial risk mitigation
Moderator: Kimberly Miller, Ball State University Track: Financial Risk Core Competency: Risk Management Technical Skills