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Hold Harmless Agreement (Insurance)
"I need a Hold Harmless Agreement (Insurance) for my construction company as the indemnitor, protecting a commercial property owner in Toronto against any claims arising from our renovation work, with specific coverage for structural alterations and a minimum liability coverage of $5 million."
1. Parties: Identification of all parties to the agreement, including the indemnitor (party providing indemnification) and indemnitee (protected party)
2. Background: Context of the agreement, relationship between parties, and general purpose of the hold harmless arrangement
3. Definitions: Key terms used throughout the agreement, including specific insurance-related terminology
4. Indemnification Provisions: Core terms of the hold harmless agreement, specifying what risks/losses are covered and the extent of protection
5. Insurance Requirements: Detailed requirements for insurance coverage, including types of insurance, minimum coverage amounts, and policy specifications
6. Duration and Termination: Term of the agreement and circumstances under which it can be terminated
7. Claims Procedure: Process for making and handling indemnification claims, including notification requirements and timeframes
8. Representations and Warranties: Statements of fact and promises made by each party regarding their authority, insurance coverage, and other relevant matters
9. General Provisions: Standard contractual terms including governing law, notices, amendments, and assignment
1. Additional Insured Requirements: Specific provisions for naming additional insured parties - used when multiple parties need protection
2. Cross-Indemnification: Mutual indemnification provisions - used when both parties are providing some form of indemnification
3. Subrogation Waiver: Provisions waiving insurance subrogation rights - important in complex commercial arrangements
4. Insurance Broker Requirements: Specific requirements for insurance brokers - used in larger commercial agreements
5. Risk Management Procedures: Detailed risk management requirements - used in high-risk or complex situations
6. Dispute Resolution: Specific procedures for resolving disputes - recommended for higher-value agreements
7. Confidentiality: Provisions protecting sensitive information - used when confidential information is involved
8. Force Majeure: Provisions for unforeseeable circumstances - important in long-term agreements
1. Schedule A - Insurance Requirements: Detailed specification of required insurance policies, coverage limits, and terms
2. Schedule B - Covered Activities: Detailed description of activities covered by the hold harmless agreement
3. Schedule C - Excluded Risks: Specific listing of risks or activities excluded from the indemnification
4. Schedule D - Claims Forms: Standard forms and procedures for making indemnification claims
5. Schedule E - Contact Information: List of key contacts for insurance and claims purposes
6. Appendix 1 - Insurance Certificates: Copies of current insurance certificates and policies
7. Appendix 2 - Risk Assessment: Detailed risk assessment related to the covered activities
Authors
Applicable Law
Claims
Coverage Period
Damages
Effective Date
Event of Default
Excluded Claims
Force Majeure
Hold Harmless
Incident
Indemnified Party
Indemnifying Party
Indemnification
Insurance Policies
Insurance Requirements
Insured
Insurer
Liability
Losses
Material Breach
Negligence
Notice
Parties
Policy Limits
Premium
Property Damage
Released Claims
Required Coverage
Risk
Subrogation
Term
Territory
Third Party
Waiver
Additional Insured
Certificate of Insurance
Deductible
Insurance Broker
Occurrence
Personal Injury
Policy Period
Premium Payment
Professional Services
Renewal Date
Underwriter
Bodily Injury
Coverage Territory
Endorsement
Excess Coverage
General Aggregate Limit
Named Insured
Policy Exclusions
Primary Coverage
Insurance Requirements
Risk Allocation
Claims Procedure
Notice Requirements
Representations and Warranties
Insurance Coverage
Additional Insured Requirements
Premium Payment
Policy Maintenance
Liability Limits
Exclusions
Subrogation
Coverage Territory
Term and Termination
Force Majeure
Dispute Resolution
Governing Law
Amendment
Assignment
Severability
Entire Agreement
Waiver
Notices
Counterparts
Survival
Compliance with Laws
Confidentiality
Insurance Broker
Policy Renewal
Claims Cooperation
Risk Management
Defense Obligations
Loss Reporting
Coverage Verification
Premium Adjustments
Policy Cancellation
Insurance Certificates
Breach and Remedies
Construction
Real Estate
Manufacturing
Events and Entertainment
Healthcare
Transportation and Logistics
Professional Services
Retail
Energy
Mining
Agriculture
Education
Sports and Recreation
Technology
Financial Services
Legal
Risk Management
Compliance
Operations
Finance
Insurance
Procurement
Contract Administration
Facilities Management
Health and Safety
Risk Manager
Insurance Broker
Legal Counsel
Compliance Officer
Contract Administrator
Operations Manager
Project Manager
Facility Manager
Safety Coordinator
Chief Financial Officer
Chief Risk Officer
Insurance Underwriter
Claims Manager
Corporate Secretary
Business Development Manager
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