What you should consider when negotiating indemnities in a contract
An indemnity is a promise or guarantee to compensate someone for loss or damage suffered.
We live in a litigious age, with even the most careful business owners at risk. Even when you’re not at fault, you may still have to shoulder hefty legal costs.
That why Public and Products Liability Insurance should be considered as part of your risk-management strategy. Public and Products Liability Insurance can cover all the legal costs involved with defending yourself in court – including any compensation you are ordered to pay.
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Photo by Christin Hume on Unsplash
An indemnity is a promise or guarantee to compensate someone for loss or damage suffered.
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