March 14, 2017
Risk and Insurance Management Society, Inc.
Program Chair: Diane Patterson
An Update on Indemnification Agreements and Additional Insured Endorsements
Sheraton Station Square
Commercial, construction, and professional services contracts commonly include indemnification provisions, and the requirement that an
indemnified party be named as an additional insured on any applicable insurance policy. When a defense and indemnity claim is subsequently
tendered, however, these apparent straightforward agreements oftentimes are subject to different interpretations, which leads to significant
disputes amongst the parties, and their respective brokers and insurers. As a result, nearly every state’s judiciary and/or legislature are undertaking
a concerted effort to limit, and sometimes altogether invalidate, indemnity agreements. As new laws are enacted and groundbreaking judicial
decisions are issued, the insurance industry responds with frequent modifications to the language utilized in the standard ISO Additional Insured
Endorsement Form. Risk managers and insurance brokers are, therefore, confronted with increasing challenges in keeping up with changes in the law
to ensure their client’s indemnity agreements are adequately protected. Phil Earnest and Jim Buldas of Pietragallo Gordon Alfano Bosick & Raspanti LLP
will provide a brief review of how to properly navigate a defense and indemnity tender, and by doing so provide insight on how to effectively negotiate
and broker these agreements at inception to avoid subsequent litigation.
This will be a great session to attend!
REGISTRATION: 11:30 to 12:00
LUNCH: 12:00 to 12:45
SPEAKERS: 12:45 to 1:30
COST (CASH, CHECK OR Register by March 10 - $40
CREDIT CARD AT THE DOOR): Late Registration/Walk-ins - $50
Payment is due upon arrival to the meeting. Cancellations after the Friday prior to the meeting and no-shows will be billed.
MAKE CHECKS PAYABLE TO "PITTSBURGH CHAPTER OF RIMS".
**Please note that if the Station Square parking garage has a "Leases Only" sign at the entrance, inform the parking attendant that you are attending an event at the Sheraton, and he/she will find a parking spot for you.
To Register, email pittsburghrims@gmail.com with your name, company and phone number.
Please visit our site at: http://pittsburgh.rims.org as we will be regularly updating our event calendar.