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Insurance Hold Harmless Agreement
"I need an Insurance Hold Harmless Agreement for a construction project in Lagos, Nigeria, where my company is the main contractor and we need protection against subcontractor-related risks, with specific coverage requirements for construction equipment and third-party liability to be effective from March 2025."
1. Parties: Identifies and defines the parties to the agreement, including the Indemnitor (party providing indemnification) and Indemnitee (protected party)
2. Background: Sets out the context and purpose of the agreement, including the relationship between the parties and the activities being covered
3. Definitions: Defines key terms used throughout the agreement, including 'Indemnified Events', 'Losses', 'Claims', and other relevant terms
4. Scope of Indemnification: Details the specific activities, risks, and circumstances covered by the hold harmless provision
5. Insurance Requirements: Specifies the types and amounts of insurance coverage required, including liability limits and policy requirements
6. Duration and Survival: Establishes the term of the agreement and which provisions survive termination
7. Notice Requirements: Procedures for notifying parties of claims and events that might trigger the indemnification
8. Claims Procedures: Process for handling claims, including cooperation requirements and defense obligations
9. Governing Law and Jurisdiction: Specifies Nigerian law as governing law and establishes jurisdiction for disputes
10. General Provisions: Standard contractual provisions including amendments, assignments, and severability
1. Additional Insured Requirements: Used when one party must be named as additional insured on the other's policies
2. Subrogation Waiver: Include when parties agree to waive rights of subrogation against each other
3. Cross-Indemnification: Used when both parties are providing reciprocal indemnification
4. Limitation of Liability: Include when parties wish to cap their potential liability exposure
5. Force Majeure: Added when parties want to address how unforeseeable events affect indemnification obligations
6. Alternative Dispute Resolution: Include when parties prefer arbitration or mediation before litigation
7. Confidentiality: Used when the agreement involves sensitive business information
1. Schedule A - Insurance Requirements: Detailed specifications of required insurance policies, coverage limits, and terms
2. Schedule B - Excluded Events: List of specific events or circumstances excluded from the indemnification scope
3. Schedule C - Claim Notification Form: Standard form for notifying parties of claims or potential claims
4. Appendix 1 - Certificate of Insurance: Template or actual certificate showing proof of required insurance coverage
5. Appendix 2 - Contact Information: List of key contacts and their details for claim notifications and agreement administration
Authors
Construction
Real Estate
Manufacturing
Oil and Gas
Healthcare
Transportation and Logistics
Professional Services
Financial Services
Mining
Infrastructure Development
Hospitality
Retail
Technology Services
Legal
Risk Management
Compliance
Operations
Finance
Project Management
Facilities Management
Health and Safety
Procurement
Business Development
Contract Administration
Risk Manager
Legal Counsel
Compliance Officer
Contract Manager
Operations Director
Project Manager
Insurance Broker
Chief Financial Officer
Chief Risk Officer
Business Development Manager
Facility Manager
Construction Manager
Property Manager
Safety Officer
General Counsel
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