Insurance Requirement Provisions in Technology Contracts: Mitigating Risk, Maximizing Coverage

A live 90-minute CLE webinar with interactive Q&A


Thursday, October 5, 2017 (in 13 days)
1:00pm-2:30pm EDT, 10:00am-11:30am PDT


This CLE webinar will provide guidance to business and technology counsel for drafting insurance requirement provisions in technology contracts. The speaker will discuss how to negotiate the appropriate type and amount of insurance coverage—from commercial general liability to cyber liability to umbrella polices—to properly allocate and mitigate risk when contracting for IT services or software development.

Description

Insurance is one of the most overlooked aspects of a technology contract, leaving customers vulnerable to uninsured risks. Contracts for IT services or software development should require one or both parties to purchase minimum levels of insurance to cover the risk of reasonably foreseeable losses.

There are several different types of insurance contracting parties should consider when negotiating technology contracts, including commercial general liability, E&O coverage, automobile liability, cyber liability and more. Counsel must understand the different types of insurance appropriate for various scenarios, how each provision works within the contract, and when and how to negotiate individual and aggregate limits based on the types of risks involved.

Listen as experienced technology attorney Robert Scott explains best practices for drafting insurance requirement provisions in technology contracts. He will discuss considerations for evaluating the appropriate type and amount of insurance coverage and when negotiating insurance provisions in contracts for IT services or software development.

Outline

  1. Evaluating the different types of insurance coverage appropriate for technology transactions
  2. Negotiating insurance provisions

Benefits

The panelist will review these and other critical issues:

  • Insurance provisions that are key to properly allocating risk in technology contracts
  • Whether specialty insurance is necessary to protect against certain losses
  • Considerations for counsel when evaluating insurance coverage and negotiating insurance provisions

Faculty

Robert Scott, Managing Partner
Scott & Scott, Southlake, Texas

Mr. Scott is the managing partner of Scott & Scott, LLP a leading law and technology services firm serving the Managed Services Industry. He advises technology companies of all sizes regarding Cloud and Managed Services. Mr. Scott graduated summa cum laude from Austin College in Sherman, Texas with a B.A. in economics. He earned his law degree from Hofstra University School of Law in New York. He is a member of the State Bar of Texas, the Dallas Bar Association's Computer Law Section, the Data Privacy & Security Committee of the State Bar of Texas, the Science and Technology Section of the American Bar Association, and serves as a member of the MSP Alliance Advisory Board.


Live Webinar

Live Webinar $297.00

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This webinar is eligible for at least 1.5 general CLE credits.

CLE credits are not available for PR.

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Recordings

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AK, AZ, CA, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN*, KS, KY, LA, ME, MN, MO, MT, NC, ND, NH**, NJ, NM, NV, NY, OH*, OK, OR, PA, SC, TN, TX, UT, VA, VT, WA, WI, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

*Only available for attorneys admitted for more than two years. For OH CLE credits, only programs recorded within the current calendar year are eligible - contact the CLE department for verification.

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CLE On-Demand Video $297.00
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Recorded Event

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Strafford is an approved provider and self-study CLE credit is available in most states.

AK, AZ, CA, CO, CT, FL, GA, HI, IA, ID, IL, KY, ME, MN, MO, MT, ND, NJ, NM, NY, OR, PA, TN, TX, UT, VT, WA, WV, WY (Note: Some states restrict CLE eligibility based on the age of a program. Refer to our state CLE Map for additional information.)

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Webinar

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Customer Reviews

I thought the program was excellent.

Michelle Rice

Arkin Kaplan Rice

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Miller Canfield

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The best seminar I have attended on this topic! The speakers did an outstanding job making the topic understandable. 

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Husch Blackwel

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Business Contracts and Franchise Advisory Board

Vincent R. Martorana

Assistant General Counsel

KPMG

Charles (C. J.) Schoenwetter

Partner

Bowman and Brooke

Rochelle Spandorf

Partner

Davis Wright Tremaine

Craig Tractenberg

Partner

Fox Rothschild

Les Wharton

Chief Legal Officer

Coverall North America

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