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Insurance And Indemnification Agreement Template for Canada

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Key Requirements PROMPT example:

Insurance And Indemnification Agreement

"I need an Insurance and Indemnification Agreement for my construction company in Ontario, which will be working as a general contractor on a commercial building project starting March 2025, requiring coverage for both our subcontractors and site visitors."

Document background
The Insurance And Indemnification Agreement serves as a critical risk management tool in commercial relationships under Canadian law. This document is typically used when parties need to establish clear insurance requirements and indemnification obligations in business relationships with significant risk exposure. It addresses both the procurement and maintenance of specific insurance coverage and the allocation of risks through indemnification provisions. The agreement is particularly relevant in situations involving complex commercial transactions, construction projects, service agreements, or any business arrangement where clear risk allocation is essential. It must comply with both federal insurance regulations and provincial insurance acts, with special considerations for Quebec's civil law system. The document includes detailed specifications for insurance coverage, claims procedures, and indemnification obligations, while addressing unique Canadian legal requirements and market practices.
Suggested Sections

1. Parties: Identification of all parties to the agreement, including the indemnitor, indemnitee, and any additional insured parties

2. Background: Context of the agreement, relationship between parties, and purpose of the insurance and indemnification arrangement

3. Definitions: Detailed definitions of key terms used throughout the agreement, including types of losses, insurance coverage, and claim procedures

4. Insurance Requirements: Specific insurance coverage requirements, including types of insurance, minimum coverage amounts, and policy specifications

5. Insurance Evidence and Compliance: Requirements for providing proof of insurance, maintaining coverage, and notification of policy changes

6. Indemnification Obligations: Scope of indemnification, including covered losses, exclusions, and conditions

7. Claims Procedures: Process for making claims, notice requirements, and cooperation obligations

8. Defense Obligations: Responsibilities for defending claims and managing legal proceedings

9. Duration and Survival: Term of the agreement and which provisions survive termination

10. General Provisions: Standard contractual provisions including governing law, notices, amendments, and dispute resolution

Optional Sections

1. Additional Insured Requirements: Specific provisions for additional insured parties, used when there are multiple parties requiring insurance protection

2. Self-Insurance Provisions: Terms allowing for self-insurance under certain conditions, included when dealing with large corporations or government entities

3. Cross-Indemnification: Mutual indemnification provisions, used when both parties have reciprocal obligations

4. Subrogation Waiver: Provisions waiving insurance subrogation rights, included when required by specific business relationships

5. Primary and Non-Contributory Coverage: Provisions specifying insurance priority, used in complex multi-party arrangements

6. Special Risk Provisions: Additional terms for specific industry risks or unusual hazards

Suggested Schedules

1. Schedule A - Insurance Coverage Requirements: Detailed specifications of required insurance types, limits, and terms

2. Schedule B - Additional Insured Parties: List of additional parties to be covered under the insurance policies

3. Schedule C - Claim Notification Procedures: Detailed procedures and contact information for claim notifications

4. Schedule D - Approved Insurance Providers: List of pre-approved insurance carriers meeting minimum rating requirements

5. Appendix 1 - Certificate of Insurance Forms: Standard forms for providing proof of insurance coverage

6. Appendix 2 - Incident Report Templates: Standardized forms for reporting incidents that may lead to claims

Authors

Alex Denne

Head of Growth (Open Source Law) @ ºÚÁÏÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions







































Clauses


































Relevant Industries

Construction

Manufacturing

Healthcare

Technology

Energy

Transportation

Professional Services

Real Estate

Mining

Financial Services

Retail

Infrastructure

Education

Hospitality

Relevant Teams

Legal

Risk Management

Compliance

Finance

Operations

Procurement

Corporate Affairs

Insurance

Project Management

Safety and Security

Contract Administration

Relevant Roles

Risk Manager

Legal Counsel

Compliance Officer

Insurance Coordinator

Contract Manager

Chief Financial Officer

Operations Director

Project Manager

Safety Manager

Corporate Secretary

Procurement Manager

Chief Risk Officer

General Counsel

Business Development Manager

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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