One of the main objectives of Airmic is to help members make a significant contribution to the success of their employer organisation. Airmic achieves this by running a series of seminars and training courses, as well as publishing guides to a wide range of risk management and insurance topics. In order to undertake these activities, Airmic depends heavily on partner organisations and other Airmic Marketplace / preferred service providers.
Airmic is grateful to Herbert Smith Freehills LLP for providing the major contribution to this guide to the topic of Reservation of Rights. The guide provides valuable insight for Airmic members into the issues associated with Reservation of Rights letters. Appendix A1 provides a draft insurance contract clause drafted by Herbert Smith Freehills for Airmic members to consider including in their insurance contracts. The intended operation of the clause is explained in Appendix A2.
The contents of this guide do not constitute legal advice. Airmic members should seek specific advice on their specific circumstances.