The agreements between the parties involved in energy projects are various contract documents. These contracts impose duties, obligations, and liabilities on various parties. Although careful attention may be paid to the operational issues these contracts address, often little or no attention is given to their risk and insurance implications. This course examines the structure of contracting relationships and the key provisions in which responsibilities and liabilities are allocated to the contracting parties and suggests methods to equitably allocate these liabilities.   

Upon completion, students will be able to:

• identify problematic energy contract provisions, and propose appropriate recommendations in the draft or negotiation of contract insurance requirements; 
• identify gaps between contractually assumed liabilities and contractual liability insurance coverage, and assist in obtaining compliance with additional insured coverage requirements; and
• identify suitable recommendations and strategies for fairly and legally allocating energy contract risks. 

Property and casualty risk, safety, insurance, and finance professionals