Construction projects involve high risk. Multiple contractors and subcontractors working on a project site—often with heavy equipment and hazardous conditions—creates the potential for significant ...
On October 9, 2011, Gov. Brown signed SB 474, a bill that dramatically changes the rules of the game with respect to indemnity and insurance obligations found in construction contracts. This seminar ...
Any contractor seeking bonding capacity, whether it be for public or private projects, will necessarily see a general ...
Indemnification is used for risk allocation Indemnification may include defense obligation Indemnified party is entitled to reimbursement for covered losses Indemnification can be complex and heavily ...
Sarah Biser, a partner at McCarter & English, writes that often, the party to a construction contract with the greater negotiating power will require contractors and subcontractors to provide an ...
Plan sponsors should ask for indemnification clauses when they enter into contracts with service providers and retirement plan advisers, experts say. Indemnification clauses are promises by the ...
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Indemnity in insurance: What does it mean? How it works, and why it matters – explained
What is Indemnity: From health insurance claims to business contracts and day‑to‑day financial decisions, indemnity is one of those concepts that quietly protects people without them even noticing. It ...
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