Document background
The Waiver of Subrogation Form is a fundamental risk management tool used across various Canadian business sectors. It is typically required when multiple parties are involved in a project or commercial relationship and need to prevent insurance-related disputes. The document becomes necessary when parties wish to avoid potential litigation and maintain positive business relationships by preventing insurance companies from pursuing recovery claims against third parties. The waiver must comply with both federal and provincial insurance regulations, including specific provisions for different Canadian jurisdictions. This form is particularly common in construction contracts, commercial leases, and service agreements where the risk of property damage or liability claims is significant. The document typically includes details about the parties involved, specific insurance policies affected, the scope of the waiver, and its duration.
