Product Update

"Is a Limited Form Indemnity Agreement an 'Insured Contract'?" Discussed in Contractual Risk Transfer

Is a limited-form indemnity agreement, in which the indemnitor agrees to hold the indemnitee harmless only for claims arising out of the indemnitor's negligence, an "insured contract" according to the definition of that term in standard commercial general liability policies? The answer to that question depends on whether such an indemnity agreement can be viewed as the indemnitor's assumption of the indemnitee's tort liability. This Contractual Risk Transfer release takes a look at some of the case law that has been generated by the question.

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