Best Practices In Insurance Software Negotiations
Authors: Karlyn Carnahan
Published: March 2013
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With the continued high level of activity in the insurance software space, carriers have become more savvy about negotiations and constructing contracts for the new software and services. For those who are just getting into this software purchasing space, there are a number of areas that shouldn’t be over looked and should be carefully considered when finalizing the contract. This report provides a check list for things to consider in the negotiations process. This brief illustrates some of the types of issues to be considered when negotiating contracts with software and services providers.
This document is not intended to be a definitive or complete list and does not cover a number of the standard legal clauses contained in many contracts. Novarica does not provide legal advice. Parties negotiating contracts should always consider the terms and conditions in depth and obtain appropriate legal advice. No liability whatsoever can be accepted for any errors or omissions in this list nor for any adverse consequences of using this document.