An exclusive Webinar
Risk Transfer 101
Here is What You'll Learn
Guidance On Where We Access Sub-Contractor's Insurance Policy
When we contract with a downstream party, we essentially are looking to their insurance carrier to defend and potentially even pay out damages on our behalf, so that our carrier doesn’t have to. Understanding exactly where in their General Liability & Umbrella policy this is done is imperative to achieve proper risk transfer measures.
Knowledge Of What Your State Statute Says on Indemnification
Sole Negligence vs. Tort.
The focus is going to be primarily on Florida law but can apply to other states as well.
How We Become an "Insured" on Sub-Contractor's Insurance Policies
This is done via additional insured endorsements. However, there are hundreds of additional insured endorsements… which one do we choose???
Understanding Of All The Different Additional Insured Statuses
Additional insured statuses started coming to market dating back to 1985. And it started off extremely broad. But over time it got more and more restrictive. However, those broad forms still exist in the marketplace. As do the restrictive ones. In this class, you will learn about the differences and how to identify them.
How To Verify Sub-Contractor's Certificates of Insurance (COI's)
Once we have a full understanding of how it all works and what we are going to be asking of our downstream parties, it is imperative our verification process confirms everything properly on the back end.
About Sean Visconti
Sean Visconti is a Commercial Insurance Advisor who partners with middle market companies to protect their assets at the lowest possible cost. After teaching classes for over four years, Sean understands how much value it can bring to an organization's bottom line.
Sean has over 70 trusted clients based all over the U.S. and is a top broker within his agency.
Sean Visconti holds a BA in Kinesiology/Exercise Science from Palm Beach Atlantic University where he played baseball on a scholarship before having a brief stint in professional baseball. He now resides in West Palm Beach, FL and enjoys his weekends spending quality time with his wife Faith and their three children, Jamie (6), Lainey (4), and Nolan (2).
Email: Sean.visconti@bbrown.com
Cell: (224) 456-8776