Risk & Business Magazine Lloyd Sadd Insurance Brokers Spring 2016 | Page 26

Just Sign Here...
Reviewing Your Contracts

BY: MAGDALENA CAMMIDGE, PRINCIPAL, LLOYD SADD INSURANCE

I

n today’s legal and economic
environment, it’s almost easier to skip
to the last page of the contract and sign
it. While accepting terms and conditions
blindly is a strategy (although not a good
one), contracts contain terms that will
impact your company’s bottom line.
Reviewing them carefully before signing
is critical, and can save you time and
money.
With growing pressure to provide more
service and product for less money,
a well-negotiated and fair contract
provides the opportunity to allocate
risk appropriately. It also allows parties
to establish needs and considerations.
Funda