March 15, 2019
12:00 PM - 4:00 PM
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Maple Meadows Golf Club
272 Addison Road
Wood Dale, IL 30191
Venue website

One of the most significant exposures a public entity must manage is the high severity arising from risks associated with your contracting/purchasing program. These high severity/lower frequency exposures are difficult to manage under the best circumstances.  The art of managing the risk from contractors, sub-contractors and third-party entities continues to be an ongoing challenge.  Failure to properly protect your entity from third parties created exposures can potentially cost millions of dollars in defense fees and payment of damages. Transferring or accepting risk under construction contracts, leases and other business agreements requires sound understanding of many technical insurance and indemnity issues. This program will provide you with a contractual risk management toolbox to effectively transfer the risk of loss to the appropriate contractual entity.  Required contractual wording, valid use of indemnity agreements, certificates of insurance, limits of coverage and pertinent insurance pitfalls will be discussed.  We will discuss the Certificate of Insurance:  What You Should Know and review essential additional insured language which must be included in all contracts. Your contract and lease risk transfer challenges will be discussed at this program with practical solutions offered.

Dan LeTourneau, Director of Risk Management Services from the Intergovernmental Risk Management Agency (IRMA) will be conducting this presentation followed by a question and solution session.   Dan is a graduate of Northern Illinois University with a Bachelor of Science Degree and earned his Associate in Risk Management (ARM) Professional Designation in 1997.

He is a licensed insurance producer in the State of Illinois since 1993 and former President of Illinois Chapter of Public Risk Management Association (PRIMA).  Dan has over 30 years’ experience in the risk management & insurance industry with over 27 years’ public sector pooling experience as the Director of Risk Management Services with the Intergovernmental Risk Management Agency (IRMA).  Dan has focused his career endeavors on underwriting, reinsurance, coverage analysis, loss prevention and risk management consulting/training.

Contact Hours: 2  


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$10.00 Non-Member Ticker