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Contract Review Services

Helping organizations navigate third-party contractual insurance obligations.

Protecting your business in today's challenging marketplace requires proactive risk management. Understanding and addressing the risks created by contractual insurance requirements is crucial. At Marsh, our team of contract review specialists is here to provide tailored assistance, helping you navigate the challenges presented by third-party contractual insurance obligations and mitigate potential liabilities.

Why you need our services

Complying with the insurance provisions in third-party contracts is critical for organizations seeking to secure new business, engage essential vendors, enter new leases, or execute other business-critical functions. Failing to meet these requirements can lead to significant exposure for organizations. However, reviewing these contract provisions can be administratively burdensome and requires a high degree of technical expertise and understanding of contracting, the insurance industry, and your organization's current insurance program and risk appetite.

How our services meet your needs

Our team of contract review consultants has vast experience reviewing contract wording across all industries and lines of coverage. We thoroughly review your contracts and provide comprehensive guidance on insurance requirements outlined in these agreements. Our customized contract review tools help identify inconsistencies between your existing insurance programs and the insurance requirements in your contracts. With our experience-based insights, we provide guidance on actions you should take to help minimize exposure to contractual risk while streamlining your contract review process.

Our services include:

  • Incoming contract review: We comprehensively review your insurance policies and proposed contract wording, identifying potential gaps and suggesting changes to resolve any problematic wording.
  • Outgoing contract review: We assess the insurance provisions you impose in contracts for vendors or subcontractors, to help you determine if they align with industry standards and the scope of work.
  • Borrower's compliance service: We evaluate borrowers' insurance programs to determine if they align with loan contract conditions, providing a comprehensive report summarizing our assessment.
  • Contract templates: We can work with your legal counsel to create new templates that include your specific insurance requirements, to better minimize your risk.
  • Contract discipline training: Our customized training presentations help your risk management, legal, and procurement professionals understand the interaction of insurance policy provisions and contract terms.

Safeguard your business with Marsh

Identifying potential gaps between insurance programs and contractual requirements is critical. Our contract review services provide tailored assistance to help you navigate these challenges and mitigate potential liabilities.

For more information about how we can help you navigate the challenges presented by third-party contractual insurance obligations, please contact a Marsh representative.