Insurance

Insurance

We have extensive experience providing comprehensive advice to individuals and corporates in relation to policy drafting, insurance design, and claims handling. When it comes to managing your corporate risk, we believe it’s important to know your business and understand your industry to ensure your commercial objectives, as well as your obligations, are met. We work with some of the best insurance brokers in the industry to design insurance programs for all business risks, considering policy coverage, indemnity and any deficiencies not only in policies but also existing business documentation and processes. We review corporate insurance programs to ensure appropriate and adequate cover for each risk, and we work with business to manage risk and structure insurance to achieve cost effective outcomes with your existing brokers. We understand that insurance is about protecting your immediate as well as your long-term interests and can be an effective method of risk allocation for individuals and businesses for their projects and obligations. 
Insurance – what we can do for you
  • Develop appropriate insurance solutions, risk minimisation and transfer strategies
  • Develop contracting pillars to manage contract risks
  • Undertake contract reviews and
  • We can act on behalf of clients in respect of claims.
ALIGNING YOUR RISK PROFILE WITH YOUR  INSURANCE PROGRAM
It is important that businesses understand whether their insurance will respond under the contractual conditions
agreed to with principals and head contractors. In a competitive contracting market businesses need the ability to be able to negotiate proactively, rather than reactively when dealing with principals and head contractors who are more frequently insisting on onerous contract conditions.

Range Lawyers have significant experience providing advice on how to achieve a proportionate risk allocation 
when negotiating contracts through:
  • identifying undesirable risk clauses and provide practical tools to negotiate better conditions
  • Aligning contract risk profiles with insurance programs
  • Providing the contractor with an informed and structured approach when accepting uninsurable risks in
  • contract with known ultimate financial outcomes.
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