The following Insurance & Reinsurance practice note produced in partnership with Frank Thompson and Tomás Mac Gearailt of Eversheds LLP provides comprehensive and up to date legal information covering:
One of the purposes of a commercial contract is to allocate risk and liability through, for example, the provision of indemnities. In this context, one party may choose or be required to cover the liability allocated to it through a covenant to purchase or maintain certain insurance policies. Insurance also protects the party to whom the liability is owed so that if the party accepting the liability is unable to discharge its liability, the insurance should step in and pay subject to the terms and conditions of the relevant policies.
A crucial element of any insurance policy is the scope of risks which it covers. There will always be restrictions on the scope of coverage, including limit(s) to the sum insured, a defined period of insurance and various conditions which regulate the cover. There will also be procedures to follow in the event of a claim. See Practice Note: Liability insurance—notification of claims and circumstances and defence of claims
These guidance notes are designed to provide an overview of:
the main types of insurance which are relevant in the context of commercial contracts
common limitations and other matters that can be relevant in understanding the scope of coverage provided by such insurance policies
practical considerations in negotiating insurance clauses in commercial agreements and in achieving effective risk transfer to
Free trials are only available to individuals based in the UK
Complete all the fields above to proceed to the next step.
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
RobberyRobberyRobbery is a theft offence, involving dishonesty but elevated also by the intention to use force.Robbery can only be tried in the Crown Court on indictment and is categorised as a class 3 offence.Elements of the offence of robberyA person is guilty of robbery if:•they steal something,
No deal Brexit—jurisdiction (UK and the Lugano Convention) [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note has been produced in partnership with Guy Pendell, Liz Williams and Kushal Gandhi of CMS.This Practice Note covers the situation where the UK
Mortgagee’s consent to grant of leaseIf a property is subject to a mortgage that prohibits leasing without the mortgagee’s consent, then written evidence of consent must be obtained prior to completion of the lease. On the grant of an underlease, mortgagee’s consent in respect of any mortgage over
Involuntary manslaughterInvoluntary manslaughter—introductionManslaughter can be classified as either voluntary or involuntary. Voluntary manslaughter consists of those killings which would be murder (because the accused has the relevant mental element—hence the label voluntary manslaughter) but
0330 161 1234