Regularly reviewing the performance and appointment of your insurance service providers (whether they be insurance brokers, claims administrators, captive managers, pensions trustees or insurance consultants) is a legal process and an important aspect of corporate governance.
After all, the protection of a balance sheet can depend on the terms of the service agreement with the service provider and the remedies available to you under the agreement in the event of a breach of its terms.
Our multi-skilled team of lawyers and business advisers provides a full range of advice to help you minimise risk and maximise opportunities in procurement projects - wherever in the world you are doing business.
Our work includes advice on matters such as:
- Benchmarking – conducting off-market benchmarking of service delivery and pricing (where you need to stress test service provision for corporate governance purposes without open-market tendering).
- Tendering – managing open-market competitive tenders (where you are obligated or wish to conduct a competitive procurement of services).
- Contracting – drafting and negotiating insurance-related service agreements (to ensure all agreed and necessary terms are properly codified in a binding contract).