We can advise on the risk and indemnity provisions of contracts and whether appropriate insurance policies can be purchased to provide cover for obligations contained in contracts. Without advice a business can find itself bound by indemnities for risk including liability for consequential loss or indirect damage or loss or profits but which cannot be covered by insurance.

The interrelation between Trade Practices Act implied warranties, duties to act in good faith and insurance provisions should not be ignored. The position of an insurance broker and for whom the broker is acting under different scenarios is also one of the most complex areas of insurance law and an area where we have assisted many clients.