Every well-drafted outsourcing contract mandates certain minimal insurance coverages that the service provider must carry. Insurance brokers are essential to both enterprise customer and service provider for adding a level of comfort to cover defined contingencies. These include policies for general liability, automobile liability and misappropriation by employees.
As new risks emerge from global business, creative insurance brokers — and creative insurance underwriters — may develop new forms of policies to cover those risks. If you are considering the need for special risk coverage, perhaps legal solutions could resolve those emerging concerns. Please feel free to contact us.