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Session 042 - Contract Management Issues Related to Insurance, Indemnity and Bonds in the WM Industry
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The focus of this panel session was to provide attendees with an up-to-date analysis of market conditions and policy forms, necessary modifications to wrap the financial and insurance protection around the project, contractual and operational risks and a discussion on project and facility bonding. The risks assumed by companies working in this business sector are unlike those faced by any other industry. A keen understanding of risk transfer solutions and possible contract negotiations is vital to all companies working in this business sector. The following topics were covered in this session:
Overview of the Current Insurance Status of the Insurance and Surety Bond Market; An Understanding of the Underwriting Process – “From Rejection to Acceptance”; Professional & Contractors Pollution Legal Liability; Site Pollution Legal Liability; Contract Surety – Bid, Performance and Payment Bonds; Financial Assurance for Radiological Waste Processing; Contract Rules of Engagement for Insurance and Bonds and “Decisions Involve Risks”.
Panelists included: Jim Gilley, Senior Vice President - Energy & Environmental, Wells Fargo Insurance Services; Glynis Preister, Manager - National Environmental Practice, Wells Fargo Insurance Serivces; Bob Patterson, Regional Manager, Berkley Specialty Underwriting Managers and David Rose, Rose Consulting Law Firm.
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Chair(s):
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John Coffman, DeNuke Contracting Services, Inc. (USA) Jim Gilley, Wells Fargo Energy and Environmental (USA)
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Panel Report |
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