Insurance Indemnity Contract Template for Australia

1. Subrogation Rights: Details the insurer's rights to pursue third parties, included when recovery rights are important

2. Multiple Insureds: Required when there are multiple parties being insured under the same contract

3. Cross Liability: Used when multiple insureds need to be treated as having separate contracts

4. Defense Costs: Included when the indemnity covers legal defense costs

5. Reinstatement Provisions: Added when the policy can be reinstated after a claim

6. Territory and Jurisdiction Extensions: Required when coverage extends beyond Australian jurisdiction

7. Premium Adjustment Provisions: Included when premium may be adjusted based on specified factors

1. Schedule 1 - Premium Calculation: Detailed breakdown of premium calculation and payment schedule

2. Schedule 2 - Covered Locations: List of specific locations covered under the indemnity

3. Schedule 3 - Named Insureds: Complete list of all parties covered when multiple insureds are involved

4. Schedule 4 - Exclusion Details: Detailed explanation of specific exclusions and limitations

5. Appendix A - Claims Forms: Standard forms and documents required for claims submission

6. Appendix B - Risk Management Requirements: Specific risk management procedures required by the insured

7. Appendix C - Notification Procedures: Detailed procedures for notifying claims and circumstances