liability insurance contract - do i have to read ALL the details?

[Judy2]

i'm looking into getting liability insurance and they sent me eleven attachments in the email, including a very specific list of all the things they would and wouldn't cover in case something happens. do i have to read all of that, or is it enough to simply read the part with the yearly fee, how long the contract lasts, etc.? 

 

[Judy2]

maybe this is the wrong section and needs to be moved elsewhere

[Natasha Tori Maru]

Plug it into AI and prompt for the parts you need to watch for? Or common trips? 

[Natasha Tori Maru]

Some of the contracts I have with clients are 200-300 pages long, part of my job is administering them. 

I use AI to help understand some jargon - really helps !

[Judy2]

@Natasha Tori Maru yes, i might do that, thank you!

you work in administration? 

i read my new lease last week and found it really frustrating how they listed all eventualities. very glad not to be a law student lol:) 

[Natasha Tori Maru]

4 minutes ago, Judy2 said:

@Natasha Tori Maru yes, i might do that, thank you!

you work in administration? 

i read my new lease last week and found it really frustrating how they listed all eventualities. very glad not to be a law student lol:) 

Construction actually - but most of construction is based around massive legal contracts. Big money sums usually mean astronomical contacts with hundreds of clauses.

I am very wary of what I sign, and what I authorise the business to sign. LLMs are great at translating and summarising the loopholes and red flags 🙂

Edited 4 hours ago by Natasha Tori Maru