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Insurance considerations in joint ventures

In this paper, we explore joint venture (JV) relationships, identifying key insurance issues that need to be given consideration, prior to the formation, and during the operation of any JV.

Contractors and service providers frequently team up to form joint ventures to tender for, and undertake projects.

Joint ventures are used as an effective way for contractors (and also engineers or consultants) to pool resources and expertise on large and/or complex projects. Establishing clear procedures and protocols, using an appropriate joint venture agreement, is critical in effectively managing the inherent risks.

Our latest paper explores these relationships and identifies the key insurance issues that need to be given consideration prior to the formation and during the operation of any joint venture.

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