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Insurance And Indemnification Agreement
"I need an Insurance and Indemnification Agreement for a construction project in Mumbai, where my company is the main contractor working with three subcontractors, requiring comprehensive coverage for construction risks and workplace safety with minimum coverage of 50 crore INR, to be effective from March 1, 2025."
1. Parties: Identification of the parties to the agreement, including the indemnitor, indemnitee, and any additional insured parties
2. Background: Context of the agreement, relationship between parties, and purpose of the insurance and indemnification arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including types of losses, insurance terms, and indemnification concepts
4. Insurance Requirements: Detailed specifications of required insurance coverage, types of policies, minimum coverage amounts, and insurance carrier requirements
5. Indemnification Obligations: Scope of indemnification, triggers for indemnification, and exclusions from indemnification obligations
6. Claims Procedures: Process for making insurance claims and indemnification claims, including notification requirements and timeframes
7. Defense Obligations: Responsibilities for defending against third-party claims and managing legal proceedings
8. Survival and Duration: Terms regarding how long insurance and indemnification obligations continue after agreement termination
9. Representations and Warranties: Statements regarding authority to enter agreement, compliance with laws, and accuracy of information
10. General Provisions: Standard contractual provisions including governing law, dispute resolution, notices, and amendment procedures
1. Additional Insured Requirements: Detailed requirements for additional insured status, used when multiple parties need insurance coverage
2. Cross-Indemnification: Mutual indemnification provisions, used when both parties have reciprocal indemnification obligations
3. Environmental Indemnification: Specific provisions for environmental risks and liabilities, used in agreements involving potential environmental exposure
4. Intellectual Property Indemnification: Specific provisions for IP-related claims, used when intellectual property risks are significant
5. Force Majeure: Provisions addressing impact of force majeure events on insurance and indemnification obligations
6. Subrogation Waiver: Provisions waiving insurance carrier's right to pursue claims against certain parties, used in complex commercial relationships
1. Schedule A - Insurance Requirements: Detailed matrix of required insurance types, coverage limits, deductibles, and special endorsements
2. Schedule B - Claim Notification Procedures: Step-by-step procedures for notification and handling of insurance and indemnification claims
3. Schedule C - Excluded Claims: List of specific claims or circumstances excluded from insurance or indemnification coverage
4. Appendix 1 - Certificate of Insurance: Template or requirements for insurance certificates to be provided
5. Appendix 2 - Claim Forms: Standard forms to be used for submitting insurance or indemnification claims
6. Appendix 3 - Contact Information: List of key contacts for insurance and claims matters, including emergency contacts
Authors
Applicable Law
Additional Insured
Claim
Coverage Period
Covered Losses
Deductible
Defense Costs
Effective Date
Excluded Claims
Force Majeure Event
Indemnified Party
Indemnifying Party
Indemnification Obligation
Insurance Policies
Insured Event
Insurer
Liability
Loss
Material Breach
Notice of Claim
Policy Limits
Premium
Related Party
Required Insurance
Risk
Subrogation Rights
Term
Third Party
Third Party Claim
Trigger Event
Underlying Insurance
Waiver
Insurance Certificate
Insurance Requirements
Direct Damages
Consequential Damages
Limitation of Liability
Coverage Territory
Named Insured
Policy Maintenance
Additional Insured Status
Indemnification
Defense Obligations
Claims Procedure
Notice Requirements
Coverage Limits
Premium Payment
Risk Allocation
Subrogation
Liability Limitations
Force Majeure
Representations and Warranties
Confidentiality
Dispute Resolution
Governing Law
Assignment
Term and Termination
Survival
Severability
Entire Agreement
Amendment
Waiver
Notices
Counterparts
Third Party Rights
Compliance with Laws
Records and Audit
Insurance Certificates
Policy Endorsements
Manufacturing
Construction
Healthcare
Information Technology
Real Estate
Energy and Utilities
Transportation and Logistics
Financial Services
Retail
Mining and Resources
Professional Services
Infrastructure Development
Legal
Risk Management
Compliance
Finance
Operations
Insurance
Corporate Affairs
Claims Management
Contract Administration
Business Development
Risk Manager
Legal Counsel
Compliance Officer
Insurance Manager
Contract Manager
Chief Financial Officer
Chief Legal Officer
Operations Director
Project Manager
Business Development Manager
Corporate Secretary
Claims Manager
General Counsel
Risk Analyst
Insurance Coordinator
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