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Insurance Indemnification Agreement
"I need an Insurance Indemnification Agreement under Dutch law for a construction project between our general contractor company and a subcontractor, with specific focus on workplace safety risks and professional liability coverage to be effective from March 2025."
1. Parties: Identification of the indemnitor and indemnitee, including full legal names and addresses
2. Background: Context of the agreement, relationship between parties, and purpose of the indemnification arrangement
3. Definitions: Detailed definitions of key terms used throughout the agreement, including 'Indemnified Parties', 'Losses', 'Claims', and 'Insurance Coverage'
4. Scope of Indemnification: Detailed description of what losses, damages, and claims are covered under the indemnification
5. Insurance Requirements: Specific insurance coverage requirements, including types of insurance, minimum coverage amounts, and rating requirements for insurers
6. Claims Procedure: Process for making claims under the agreement, including notification requirements and timeframes
7. Duration and Termination: Term of the agreement and circumstances under which it can be terminated
8. Exclusions and Limitations: Specific exclusions from coverage and limitations on liability
9. Insurance Evidence and Compliance: Requirements for providing evidence of insurance coverage and maintaining compliance
10. Governing Law and Jurisdiction: Specification of Dutch law as governing law and jurisdiction for dispute resolution
11. General Provisions: Standard contractual provisions including notices, amendments, and severability
1. Subrogation Rights: Details of insurer's rights to pursue third parties, used when subrogation rights need specific handling
2. Cross-Indemnification: Mutual indemnification provisions, used when both parties have reciprocal obligations
3. Special Risk Provisions: Specific provisions for unusual or high-risk activities, included when the agreement covers special circumstances
4. Insurance Broker Provisions: Specific provisions regarding the role of insurance brokers, included when brokers are involved in the arrangement
5. Currency and Exchange Rates: Provisions for handling multiple currencies, used in international arrangements
6. Force Majeure: Provisions for handling unforeseen circumstances, included when specific risk allocation for such events is needed
1. Schedule A - Insurance Coverage Requirements: Detailed specifications of required insurance policies, coverage limits, and deductibles
2. Schedule B - Claim Form Template: Standard form for submitting claims under the agreement
3. Schedule C - Notice Requirements: Detailed procedures and contact information for notices and claims
4. Schedule D - Excluded Risks: Specific listing of risks and circumstances excluded from coverage
5. Appendix 1 - Certificate of Insurance: Template or example of required insurance certificate format
6. Appendix 2 - Risk Assessment Report: Initial risk assessment forming basis of insurance requirements
Authors
Applicable Law
Business Day
Claim
Commencement Date
Covered Losses
Damages
Effective Date
Excluded Claims
Force Majeure Event
Indemnified Party
Indemnifying Party
Indemnified Persons
Insurance Policies
Insurance Provider
Insured Events
Liability
Losses
Material Breach
Minimum Insurance Requirements
Notice
Party/Parties
Policy Period
Premium
Reasonable Costs
Related Entities
Required Insurance Coverage
Subrogation Rights
Term
Territory
Third Party
Third Party Claim
Threshold Amount
Uninsured Loss
Working Hours
Insurance Coverage
Claims Procedure
Notice Requirements
Premium Payment
Risk Allocation
Subrogation
Representations and Warranties
Limitation of Liability
Duration and Termination
Force Majeure
Confidentiality
Assignment
Dispute Resolution
Governing Law
Amendments
Severability
Entire Agreement
Waiver
Third Party Rights
Cooperation
Compliance with Laws
Insurance Evidence
Broker Provisions
Currency and Payments
Notification
Records and Audit
Good Faith
Survivorship
Counterparts
Construction and Engineering
Manufacturing
Financial Services
Healthcare
Energy and Utilities
Transportation and Logistics
Technology and Software
Professional Services
Real Estate
Maritime and Shipping
Aviation
Pharmaceuticals
Mining and Resources
Retail and Consumer Goods
Legal
Risk Management
Insurance
Compliance
Finance
Operations
Treasury
Commercial
Claims
Corporate Governance
Procurement
Legal Counsel
Risk Manager
Insurance Manager
Compliance Officer
Chief Financial Officer
Contract Manager
General Counsel
Claims Manager
Corporate Secretary
Business Development Director
Operations Director
Project Manager
Treasury Manager
Financial Controller
Commercial Director
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