We have become aware of instances whereby certain indemnification and hold harmless language in contracts are being modified to include exposure for COVID-19 resulting from any property condition or your employees at a location.
We urge clients to carefully review these provisions as counterparties may be modifying them without notice.
Accordingly, please seek counsel as needed. It’s important to remember that any agreement you execute that binds you to potential liability does not alter the terms of an insurance policy. There are elements in Hold Harmless and Indemnification language which are insurable and not insurable.
See more of our Issue Alerts here.
Have More Questions?
If you have any questions about your coverage, or to review your policy limits, please contact us. For helpful tips on other popular topics, check out our articles on Cyber Insurance, Winter Home Protection, and Ransomware Developments. As always, we are here to help you, your employees, and your business with all your insurance needs — from commercial insurance to group benefits to personal insurance. Thank you for allowing Mason-McBride to serve you!