All Countries
Insurance
Insurance Indemnification Agreement

Insurance Indemnification Agreement Template for United Arab Emirates

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Insurance Indemnification Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Insurance Indemnification Agreement

"I need an Insurance Indemnification Agreement for a UAE-based construction company acting as the indemnitee, with coverage focusing on project-specific risks and third-party claims, to be effective from March 1, 2025."

Celebrated by
Collaborations with
Investors
Document background
The Insurance Indemnification Agreement is a critical risk management tool used in the United Arab Emirates when one party needs to protect another against specific financial losses or legal liabilities. This document is particularly relevant in complex commercial transactions where risk allocation is essential, operating under the framework of UAE Federal Law No. 6 of 2007 and related insurance regulations. The agreement typically includes detailed provisions for claim procedures, coverage limitations, and regulatory compliance requirements. It's commonly used in situations involving significant financial exposure, construction projects, corporate transactions, or professional services where clear risk allocation is necessary. The document must comply with UAE insurance regulations and may need to consider Sharia compliance depending on the parties involved.
Suggested Sections

1. Parties: Identification of the Indemnitor (typically the insurance company) and Indemnitee, including full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification arrangement

3. Definitions: Detailed definitions of key terms including 'Indemnified Events', 'Losses', 'Claims', and other relevant terminology

4. Scope of Indemnification: Precise description of events, circumstances, and losses covered by the indemnification

5. Indemnification Procedures: Process for making claims, notice requirements, and claim handling procedures

6. Limitations of Liability: Caps, exclusions, and limitations on the indemnification obligations

7. Defense and Settlement: Procedures for defending claims and requirements for settlement approval

8. Insurance Requirements: Specific insurance coverage requirements, including types and minimum amounts

9. Duration and Survival: Term of the agreement and provisions that survive termination

10. Governing Law and Jurisdiction: Specification of UAE law as governing law and jurisdiction for disputes

11. Notices: Requirements for formal communications between parties

12. General Provisions: Standard boilerplate clauses including amendments, assignments, and severability

Optional Sections

1. Regulatory Compliance: Additional section when specific UAE regulatory requirements need detailed attention

2. Cross-Border Provisions: Required when indemnification covers multiple jurisdictions or international operations

3. Sharia Compliance: Needed when the agreement must conform to Islamic insurance (Takaful) principles

4. Security Provisions: When additional security such as guarantees or collateral is required

5. Dispute Resolution: Detailed ADR procedures when parties want specific resolution mechanisms beyond court jurisdiction

6. Language Requirements: Required when dual language versions are needed, specifying which version prevails

Suggested Schedules

1. Schedule A - Covered Events: Detailed list of events and circumstances covered by the indemnification

2. Schedule B - Excluded Events: Specific exclusions and carve-outs from the indemnification coverage

3. Schedule C - Insurance Policies: Details of required insurance policies including limits and deductibles

4. Schedule D - Claim Procedures: Detailed procedures for claim submission, documentation requirements, and processing

5. Schedule E - Contact Information: List of key contacts and their roles for both parties

6. Appendix 1 - Forms: Standard forms for claim submission, notices, and other required communications

7. Appendix 2 - Power of Attorney: If required, format and terms for power of attorney arrangements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant Industries

Insurance

Banking and Financial Services

Construction

Healthcare

Manufacturing

Real Estate

Transportation and Logistics

Energy and Utilities

Professional Services

Retail and Consumer Goods

Technology

Relevant Teams

Legal

Risk Management

Compliance

Finance

Insurance

Operations

Treasury

Corporate Governance

Claims Management

Underwriting

Relevant Roles

Risk Manager

Legal Counsel

Compliance Officer

Insurance Manager

Chief Financial Officer

Claims Manager

Underwriting Manager

Corporate Secretary

General Counsel

Finance Director

Operations Manager

Contract Manager

Insurance Broker

Risk Analyst

Treasury Manager

Industries
UAE Federal Law No. 6 of 2007: The primary Insurance Law that regulates all insurance operations in the UAE, including principles of insurance contracts, rights and obligations of parties, and regulatory requirements
UAE Federal Law No. 5 of 1985 (Civil Code): Contains general principles of contract law, including formation, validity, and interpretation of contracts, as well as provisions relating to indemnification and liability
UAE Federal Law No. 18 of 1993 (Commercial Code): Governs commercial transactions and contains specific provisions relating to commercial contracts and insurance
UAE Federal Law No. 14 of 2018 (Central Bank Law): Regulations concerning insurance companies and their operations, including financial requirements and regulatory compliance
UAE Insurance Authority Board of Directors' Decision No. 3 of 2010: Provides detailed regulations for insurance companies, including requirements for policy wording and contractual terms
UAE Insurance Authority Resolution No. 42 of 2009: Sets out regulations for insurance brokers and risk management requirements that may affect indemnification provisions
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Tax Indemnity Letter

A UAE law-governed document providing tax liability protection between parties, addressing corporate tax, VAT, and other tax-related obligations.

find out more

Surety Indemnity Agreement

UAE law-governed agreement establishing guarantee and indemnity obligations between parties, providing security for commercial transactions under UAE jurisdiction.

find out more

Deed Of Guarantee And Indemnity

find out more

Reciprocal Indemnity Agreement

UAE-governed agreement establishing mutual indemnification obligations between parties, defining reciprocal protections and risk allocation under UAE law.

find out more

Indemnity Service Agreement

UAE-governed agreement establishing service terms and indemnification obligations between service provider and client, incorporating UAE Civil and Commercial law requirements.

find out more

General Indemnity Agreement

UAE-governed legal agreement establishing indemnification obligations between parties, structured according to UAE Civil Code and Sharia principles.

find out more

Deed Of Indemnity

A UAE law-governed deed establishing legally binding indemnification obligations between parties, providing protection against specified losses and liabilities.

find out more

Consulting Agreement Indemnification

UAE-compliant consulting agreement with comprehensive indemnification provisions, establishing terms for professional services while managing risks and liabilities.

find out more

Indemnity And Undertaking Agreement

UAE-governed agreement establishing indemnification obligations and undertakings between parties, with specific provisions for claims and enforcement under UAE law.

find out more

Standard Indemnity Agreement

A UAE law-governed Standard Indemnity Agreement establishing legally binding indemnification obligations between parties, compliant with UAE Federal Laws.

find out more

Personal Indemnification Agreement

A UAE-governed agreement where one party agrees to protect another against specified losses, damages, or liabilities.

find out more

Indemnity Lease Agreement

UAE-governed lease agreement with integrated indemnification provisions protecting parties against specified risks and liabilities.

find out more

Standard Indemnification Agreement

UAE-governed agreement establishing indemnification obligations and protection mechanisms between parties, aligned with UAE Civil Code requirements.

find out more

Contribution And Indemnity Agreement

UAE-governed agreement establishing shared financial obligations and mutual indemnification arrangements between multiple parties.

find out more

Liability Assumption Agreement

A UAE law-governed agreement facilitating the formal transfer of specified liabilities from one party to another, compliant with UAE Civil Code and Sharia principles.

find out more

Employee Indemnification Agreement

UAE-governed agreement establishing terms for company indemnification of employees against professional liability claims and related expenses.

find out more

Release Of Liability And Indemnity Agreement

A UAE law-governed agreement that combines liability release and indemnification provisions, protecting parties from future claims while establishing indemnification obligations.

find out more

Hold Harmless Indemnity Agreement

UAE-compliant Hold Harmless Indemnity Agreement establishing indemnification obligations and risk allocation between parties under UAE law.

find out more

Insurance Indemnification Agreement

UAE-governed agreement establishing insurance indemnification terms and conditions, compliant with UAE Federal Insurance Law.

find out more

Deed Of Indemnity And Release

A UAE law-governed deed that provides indemnification protection and releases parties from specified obligations or liabilities, structured in compliance with UAE Civil Code and Sharia principles.

find out more

Mutual Indemnification Agreement

A UAE law-governed agreement establishing reciprocal indemnification obligations between parties, including claim procedures and liability limitations.

find out more

Release Indemnification And Hold Harmless Agreement

A UAE law-governed agreement that combines release of liability with indemnification and hold harmless obligations, providing comprehensive protection against future claims.

find out more

Release And Indemnity Agreement

A UAE-governed agreement that combines a release of claims with indemnification obligations, structured according to UAE Civil Code requirements.

find out more

Indemnification Contract

UAE law-governed agreement establishing indemnification obligations and risk allocation between parties, compliant with UAE Civil Code and commercial regulations.

find out more

Indemnity Contract

UAE law-governed agreement establishing indemnification obligations between parties, structured under UAE Civil Code requirements.

find out more

Deed Of Indemnity And Access

A UAE law-governed deed establishing indemnification obligations and access rights, typically between a company and its directors/officers, providing protection and information access rights.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.