We can support you with Contractual Risk & Insurance Projects
Prior to joining NES Fircroft as its Group Commercial and Legal Director, I worked for 20+ years for a number of large engineering companies, including British Shipbuilders, Vickers Shipbuilding & Engineering, GEC Marine, BAe Systems, the National Nuclear Corporation and AMEC. This gave me a solid understanding of managing risk in the highly regulated defence & civil nuclear industries. My 16+ years at NES Fircroft enabled me to further develop my skills and competencies of managing risk, and insurance to mitigate certain risk, across a number of industrial sectors, including oil & gas, power, renewables, mining & life sciences, across the globe.
SRC is able to support its clients with expert advice and support based on over 36 years of practical experience of effectively managing risk and insurance:
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Assess appetite for contractual risk that the business is prepared to accept & document the scope of standard & non-standard risk;
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Audit contract review processes to assesses whether the risks, liabilities, indemnities & obligations accepted are in-line with the business’s risk appetite, how they are mitigated & approved by stakeholders;
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Where there is a risk exposure, develop ‘practical’ processes & documentation to put in place appropriate risk mitigation strategy and approval governance;
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Review insurance coverage to assess whether it is aligned with risk mitigation strategy, identify areas of concern that expose the business to unacceptable risk & assist with the procurement of additional insurance as required;
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Conduct review of complex contracts, in particular in support of Buyer or Seller legal due diligence on an M&A target.
Utilising the consultancy services of SRC enables clients to access an expert consultant who will add value by advising on the management of contractual risk, and its mitigation through insurance, based on extensive experience of reviewing and negotiating contracts in jurisdictions across the globe and in a wide range of industry sectors.
If you want to know more about how SRC can assist you with Contractual Risk & Insurance Projects, please contact us by email (stephen@srcconsultancy.co.uk) or via our web form.