Glossary
Hold harmless / indemnification
A contract promise to cover another party’s losses from claims connected to your work. Indemnities shift risk on paper; insurance is what…
What is hold harmless / indemnification?
A contract promise to cover another party’s losses from claims connected to your work. Indemnities shift risk on paper; insurance is what funds the promise. Have both reviewed together.
Why it matters
These contract clauses shift liability between parties before any claim exists — and they can silently take on risk your policy never priced. Have contracts with broad indemnification reviewed, and check whether your policy’s contractual liability language matches what you signed.