Aside from the transferable risks that a comprehensive insurance solution protects you against, there are other business risks that cannot be ignored. When doing business in hostile environments, organizations must beware of accepting onerous contractual liability and, for example, obligations to obtain local, home country and international licenses and general legal issues.
One-sided contractual agreements may result in an expansion of liability exposure beyond an organization’s own responsibilities and, often, control. At the same time, an organization’s failure to navigate licensing and legal concerns can result in suspension/prohibition/delay of services and damaged client relations.
Risk mitigation is about understanding the risk to your organization and implementing strategies and contractual language to best manage that risk. HELP provides access to experts, insights and tips for consideration and use when contracting for services in hostile or complex environments. HELP also offers recommendations and examples of key contractual provisions to aid your lawyers in protecting your business.
Using HELP, private businesses and brokers are afforded access to expert resources and information on key hostile environment operations, including:
- Knowing the Operating Environment
- Identifying Liability Issues
- Ensuring Appropriate Coverage
- Recognizing Governance Issues
- Limiting Jurisdictional Uncertainty