When a high-profile client puts a lucrative-looking contract in front of you, your first inclination as an agency owner will be to sign it.
You’ve worked so hard for this offer and know it could lead to excellent revenue, perhaps even raising your company profile in the process. After all, big deals often turn heads. But it’s vital you resist the urge to sign on the dotted line straight away.
The implications of signing an onerous contract can be serious – leaving you with additional work, unexpected costs and, in extreme cases, the inability to get insurance in the future.
Failure to have the insurance required under contract will leave you in breach from day one, so you need to make sure you take the right steps.
RiskBox are not solicitors, we are commercial insurance brokers. We do not provide legal advice. This guide is not exhaustive. It is a handy tool to help you identify some of the most common areas to consider before signing client contracts.
You can download our guide here