MULTI-SITE FACILITY MANAGEMENT

Service providers and contractors are necessary — but they come with substantial business risk.

Facility managers must ensure their properties are well-maintained and their assets operate efficiently with as close to 100% uptime as possible. To achieve these goals, they often leverage service providers and contractors, which usually comes with inherent business risks that must be carefully managed. However, when it comes to insurance coverage, hiring and managing providers and contractors introduces a unique set of risks and liabilities that must be understood to protect all parties.

There are many ways to minimize liabilities and safeguard against risk when it comes to providers and contractors, so it’s crucial to be aware of the appropriate steps needed to protect your business with the right insurance and contractural tools that are available, and to understand them. Join us on Sep. 28 for a thought provoking and interactive discussion about provider risk mitigation. We’ll discuss:

• All aspects of contractual risk transfer, what it means, what it costs;
• What does “hold harmless” mean?;
• Certificates of insurance (COI) and how to read and understand them;
• COI tips and tricks.

DISCLAIMER: The information provided in this presentation does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available are for general informational purposes only and you should consult your attorney and risk management professionals regarding any questions you have.