Managing Contractual Liabilities

Training course overview

Contracts create various liabilities as parties take on rights, responsibilities, duties, and obligations. However, these liabilities can be effectively managed through contractual mechanisms. Contracts also serve as essential tools for risk management, providing means to address the financial implications of injuries or damages to an organization’s assets, including its personnel and property, as well as those of third parties. This training course by Coventry Academy focuses specifically on key contractual liabilities and explores strategies for mitigating risks through indemnities. Additionally, it examines the optimal approach to procuring insurance coverage to cover potential liabilities. The course emphasizes the importance of incorporating contract provisions designed to minimize the likelihood of disputes arising, thereby enhancing overall risk management within business agreements.