CIT – BRIEF INTRODUCTION TO LEGAL & PRATICAL INSURANCE ISSUES

CIT – BRIEF INTRODUCTION TO LEGAL & PRATICAL INSURANCE ISSUES

Elena Dell’Utri Vizzini

Milan, 11th June 2015
XL Catlin

CIT OPERATORS: WHY?

• COSTS
• LOCATION
• SUB-CONTRACTOR’S SERVICES (Insurance against business liability)

HOW?

• CIT CONTRACT (INSURED & CLIENT)
• CONTRACT OF SERVICES (INSURED & SUB-CONTRACTOR)

CONTINGENCY INSURANCE

•   Secondary insurance (SI) cover which will operate only when the primary cover (PC) taken out by another party (Sub-Contractor)  is non – operational or insufficient