A liability insurance company has three choices when it receives notice of a lawsuit: accept the defense of its policyholder without reservation; assume the defense under a reservation of rights; or ...
An indemnification provision serves as a contractual remedy to redress a party’s (or third party’s) financial loss suffered as a result of a claim, breach, or some other event or condition set forth ...
The phase “defend, indemnify, and hold harmless” is found in many, if not most, contracts with liability allocation provisions, across multiple industries. However, many parties do not have a complete ...
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