On March 21, 2017, members of New Jersey RIMS once again met at The Grain House Restaurant at the Olde Mill Inn in Basking Ridge, NJ, to discuss contractual risk transfer, a topic near and dear to many risk managers’ hearts.

The meeting featured two industry experts in this area: Joann Lytle, Esq., Partner at McCarter & English, LLP, and John Denton, Managing Director at Marsh.

After a delicious buffet lunch, the speakers led an interactive discussion with the audience.  Our panelists differentiated between the contractual risk transfer methods of indemnification and additional insured status, discussed sample indemnity and insurance clauses as well as relevant statutes and case law.  Attendees left with helpful tips for reviewing and drafting risk transfer provisions in contracts.

The presentations are available for download on the New Jersey RIMS webpage.