Understand Common Forms of Indemnity Agreements and How Insurance Interacts with the Agreement
If you need to secure a contract with an indemnity agreement (and who doesn't) you need to hear the basics of what forms of agreements are common and how insurance interacts with the agreement (if at all). Understanding indemnity agreements in contracts versus expectations in the insurance coverage is critical.
Do the obligations in a contract flow into the coverage of a typical business insurance policy? We will find out, and examine three types of indemnity agreements and a typical insurance response in this webinar by expert speaker Alan M. Parizo. The session will specially focus on contractual liability versus additional insured status.
Alan will address what to expect from a standard liability insurance policy versus the indemnity agreement in a standard contract for services, leases and rental agreements. He will also discuss the appropriateness of Broad Form Indemnity and why many states now prohibit them.
Types of indemnity agreements: Broad, Intermediate and Limited
Standard (ISO) policies' Contractual Liability
Additional Insured Status
Coverage Review and Disclaimers
Who Should Attend
Project Managers, property managers, building owners, contractors, insurance producers, insurance account managers and customer service representatives
Alan M. Parizo is an insurance consultant and trainer with extensive experience as an underwriter, agent/broker and trainer. He is currently on the faculty of the Insurance Community University where he presents several webinars a year and AFIS (Agricultural and Farm Insurance Specialist) program wh...