Hold Harmless Agreement (Insurance) Template for Canada

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Key Requirements PROMPT example:

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."

Document background
The Hold Harmless Agreement (Insurance) is a critical risk management tool used in Canadian business operations to clearly define and allocate risk between parties through both indemnification provisions and specific insurance requirements. This document is particularly important when one party wishes to be protected from potential claims, losses, or liabilities arising from another party's actions or operations. It combines traditional hold harmless language with detailed insurance specifications, ensuring that the indemnifying party maintains adequate insurance coverage to support their indemnification obligations. The agreement must comply with provincial insurance regulations and contract law principles, making it essential to customize the document based on the specific province of operation and industry requirements.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

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

Relevant legal definitions
Clauses
Relevant Industries

Construction

Real Estate

Manufacturing

Events and Entertainment

Healthcare

Transportation and Logistics

Professional Services

Retail

Energy

Mining

Agriculture

Education

Sports and Recreation

Technology

Financial Services

Relevant Teams

Legal

Risk Management

Compliance

Operations

Finance

Insurance

Procurement

Contract Administration

Facilities Management

Health and Safety

Relevant Roles

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

Industries
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

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