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Insurance Indemnity Contract
"I need an Insurance Indemnity Contract under Swiss law for my manufacturing company to cover equipment and operational risks, with specific focus on cross-border operations in the EU and liability coverage of up to 5 million CHF."
1. Parties: Identification of the insurer and the insured party, including full legal names, addresses, and registration details
2. Background: Context of the insurance arrangement and purpose of the indemnity contract
3. Definitions: Detailed definitions of key terms used throughout the contract, including specific insurance terminology
4. Scope of Indemnity: Clear description of what risks and losses are covered under the contract
5. Exclusions: Explicit listing of situations, circumstances, and losses not covered by the indemnity
6. Premium and Payment Terms: Details of premium amounts, payment schedule, and consequences of non-payment
7. Duration and Renewal: Contract period, renewal terms, and conditions for extension
8. Claims Procedure: Step-by-step process for making claims, including notification requirements and timeframes
9. Obligations of the Insured: Duties of the insured party, including disclosure obligations and risk mitigation requirements
10. Termination: Circumstances and procedures for contract termination by either party
11. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction for disputes
12. Notices: Methods and addresses for official communications between parties
1. Subrogation Rights: Details of the insurer's right to pursue third parties, used when recovery from third parties might be relevant
2. Dispute Resolution: Specific procedures for handling disputes, including mediation or arbitration, used in complex commercial arrangements
3. Confidentiality: Provisions for handling sensitive information, needed when dealing with commercial or sensitive personal data
4. Insurance Certificates: Requirements for insurance certificates, relevant when proof of insurance needs to be provided to third parties
5. Multiple Insureds: Special provisions for multiple insured parties, used in group insurance scenarios
6. Currency and Exchange Rates: Specifications for international contracts involving multiple currencies
1. Schedule of Covered Risks: Detailed listing of specific risks covered under the indemnity
2. Schedule of Premium Calculations: Detailed breakdown of premium calculations and adjustments
3. Schedule of Claim Documentation Requirements: List of required documents and evidence for different types of claims
4. Schedule of Insured Assets: Detailed inventory of insured assets with values and descriptions
5. Schedule of Territorial Limits: Specification of geographical coverage areas
6. Appendix - Claims Forms: Standard forms and templates for submitting claims
7. Appendix - Risk Assessment Report: Initial risk assessment documents forming basis of the insurance
Authors
Applicable Law
Business Day
Claim
Commencement Date
Confidential Information
Contract Period
Covered Loss
Damages
Deductible
Effective Date
Excluded Events
Force Majeure
Indemnified Party
Indemnifying Party
Insurance Period
Insured
Insured Event
Insurer
Limit of Liability
Loss
Material Breach
Notice
Premium
Policy
Policy Territory
Renewal Date
Risk
Schedule
Sub-limit
Swiss Law
Term
Territory
Third Party
Underwriting
Waiting Period
Definitions
Coverage
Premium Payment
Claims Procedure
Exclusions
Conditions Precedent
Indemnification
Subrogation
Termination
Force Majeure
Confidentiality
Data Protection
Notice Requirements
Duration and Renewal
Premium Adjustment
Risk Assessment
Duty of Disclosure
Policy Limits
Territorial Scope
Dispute Resolution
Governing Law
Assignment
Severability
Entire Agreement
Amendments
Third Party Rights
Waiver
Compliance with Laws
Record Keeping
Insurance Certificates
Premium Refund
Claims Cooperation
Risk Mitigation
Sanctions
Manufacturing
Construction
Healthcare
Financial Services
Technology
Real Estate
Transportation and Logistics
Energy and Utilities
Professional Services
Retail and Wholesale
Mining and Resources
Agriculture
Legal
Risk Management
Compliance
Finance
Operations
Insurance Administration
Claims Processing
Underwriting
Treasury
Corporate Governance
Procurement
Policy Administration
Risk Manager
Legal Counsel
Insurance Broker
Compliance Officer
Chief Financial Officer
Claims Manager
Underwriting Manager
Risk Assessment Officer
Insurance Policy Administrator
Corporate Treasurer
Operations Director
Contract Manager
Financial Controller
General Counsel
Risk Analyst
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