Contracts are complex and require scrutiny to make sure you’re protected. Contracts define the liabilities and exposures a company assumes when it enters into an agreement with a third party. If you’ve ever been uneasy about an insurance or contractual risk transfer term, you could benefit from IMA’s Contractual Risk Management service. Our team of experienced contractual risk professionals will help you understand the principles of insurance and contractual risk management.

Customized Contract Review Program

IMA meets with each client to design a customized contract review system. We identify the client’s needs and concerns and create a plan to review contracts accordingly.


Your IMA team is on call with experience in insurance requirements and contractual risk transfer provisions. Within the scope of insurance, our contractual risk team is available to assist with the contractual risks specific to your business. We specialize in the following:

  • Review of insurance requirements and contractual risk transfer provisions
  • Initial determinations
  • Insurance review
  • Mutual waiver of consequential loss
  • Economic loss doctrine
  • Indemnity provisions
  • Hazardous materials indemnity
  • Builders’ risk
  • Insurance coverage from subcontractors
  • Action Over exposures
  • “Other contractor” exposures
  • LEED considerations
  • Electronic data exposure
  • Analysis of additional insured endorsements and indemnity agreements
  • Insurance compliance programs
  • Employee training seminars

We may review contracts to provide advice as it applies to insurance and surety requirements. Contracts are legal and binding documents and we recommend that you have any contract reviewed by your legal counsel. The views and statements expressed herein are not to be construed as legal advice from IMA and such communication is not protected under the attorney-client privilege. IMA is not responsible for reviewing any provisions of documents not provided to us. Our agency is not undertaking to identify all potential liability that may arise under this contract and nothing in the review should be construed as promising insurance coverage for any specific claims or circumstances. Please note that certain conditions may not be included in your coverage, including specially rated zones, close proximity to railroads or near navigable waterways. Any changes to the information initially provided for this review may impact the availability or pricing of coverage. Any descriptions of the insurance coverages are subject to the terms, conditions, limitations, exclusions, and other provisions of the policies and any applicable regulations, rating rules or plans.