[{"data":1,"prerenderedAt":528},["ShallowReactive",2],{"document-insurance-agreement-D13017":3},{"document":4,"label":23,"preview":11,"thumb":24,"thumb600":25,"description":5,"descriptionCustom":6,"apiDescription":5,"pages":8,"extension":10,"parents":26,"breadcrumb":30,"related":34,"customDescModule":170,"customdescription":6,"mdFm":171,"mdProseHtml":527},{"description":5,"descriptionCustom":6,"label":7,"pages":8,"size":9,"extension":10,"preview":11,"thumb":12,"svgFrame":13,"seoMetadata":14,"parents":16,"keywords":15},"INSURANCE AGREEMENT This Insurance Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF THE INSURER], (the \"Insurer\") a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [CLIENT'S FULL NAME], (the \"Client\") which expression shall, unless repugnant to the meaning or context hereof, be deemed to include all permitted successors and assigns) residing at: [YOUR COMPLETE ADDRESS] WHEREAS, the Insurer is in the business of providing Insurance for [TYPE OF INSURANCE]; WHEREAS, the Client is willing to opt for the services offered by the Insurer; WHEREAS, both Parties wish to evidence their contract in writing. NOW, THEREFORE, THE PARTIES AGREE AS FOLLOWS: SERVICE COVERAGE The Insurer agrees to provide Insurance coverage for the Client's business and Properties identified in this Agreement. Following the assessment made by the Insurer, the Properties shall be insured for a total amount of [SPECIFY AMOUNT]. The Properties covered are as follows: [DEFINE THE PROPERTIES COVERED BY THE INSURANCE] TERM OF THE AGREEMENT The Agreement shall come into force on the Effective Date of the Agreement and shall continue to be in force until [DATE OF TERMINATION]. PREMIUM AND PERIOD OF PAYMENT The Client agrees to pay the Insurer an Insurance Premium amount of [SPECIFY AMOUNT]. The Client shall pay the Premium in monthly installments of [SPECIFY MONTHLY INSTALMENT] on every [SPECIFY DAY OF PAYMENT] day of the month until full payment of the Premium is received. The payment shall be made via [SPECIFY MODE OF PAYMENT]. EXCLUSIONS This Insurance Agreement does not cover the following: Loss or damage due to improper use of the Insured Properties, whether owned by the Client or not; Loss or damage caused by acts of negligence; Loss or damage caused by explosive or flammable materials or substances stored in the Insured Properties; Loss or damage resulting from material misrepresentation upon or during the assessment by the Insurer. PRECAUTIONS The Client agrees to take reasonable precautions and utmost care over the Properties insured to prevent damage, loss, or destruction of the Properties covered by this Agreement. UNDERINSURANCE In the event that the loss or damage to the Insured Properties is greater than the insurable amount in this Agreement, the Client agrees to bear the excess of the cost of the value of the Properties or damage. INFORMATION PROVIDED BY THE CLIENT The Client warrants that all the information provided by it, and any future claim made by it for the Insured Properties, shall be accurate and true. If the Insurer finds out that the claim or any information provided by the Client is false and fabricated, the Insurer can terminate the Agreement and take appropriate action against the Client for the same. The Parties shall follow the terms of the Agreement in good faith and shall not act to deceive each other. PROCEDURE FOR MAKING A CLAIM In order to make a claim for the Insured Properties, the Client shall submit an application to the Insurer, along with all the evidentiary support of the claim. ",null,"Insurance Agreement","4",513,"doc","https://templates.business-in-a-box.com/imgs/1000px/sample-pdf-for-test-D13017.png","https://templates.business-in-a-box.com/imgs/250px/13017.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13017.xml",{"title":15,"description":6},"insurance agreement",[17,20],{"label":18,"url":19},"Finance & Accounting","/templates/finance-accounting/",{"label":21,"url":22},"Business Insurance","/templates/business-insurance/","Insurance Agreement Template","https://templates.business-in-a-box.com/imgs/400px/13017.png","https://templates.business-in-a-box.com/imgs/600px/13017.png",[27,17,20],{"label":28,"url":29},"Templates","/templates/",[31,32,33],{"label":28,"url":29},{"label":18,"url":19},{"label":21,"url":22},[35,39,43,47,51,55,59,63,67,71,75,79,83,99,112,126,139,153],{"label":36,"url":37,"thumb":38,"extension":10},"Business Insurance Guide","/template/business-insurance-guide-D12940","https://templates.business-in-a-box.com/imgs/250px/12940.png",{"label":40,"url":41,"thumb":42,"extension":10},"Notice of Insurance Claim","/template/notice-of-insurance-claim-D372","https://templates.business-in-a-box.com/imgs/250px/372.png",{"label":44,"url":45,"thumb":46,"extension":10},"Worksheet_Business Insurance Planning","/template/worksheet_business-insurance-planning-D373","https://templates.business-in-a-box.com/imgs/250px/373.png",{"label":48,"url":49,"thumb":50,"extension":10},"Checklist Making An Insurance Claim","/template/checklist-making-an-insurance-claim-D13218","https://templates.business-in-a-box.com/imgs/250px/13218.png",{"label":52,"url":53,"thumb":54,"extension":10},"Checklist Directors and Officers Insurance","/template/checklist-directors-and-officers-insurance-D608","https://templates.business-in-a-box.com/imgs/250px/608.png",{"label":56,"url":57,"thumb":58,"extension":10},"Checklist Health and Disability Insurance","/template/checklist-health-and-disability-insurance-D609","https://templates.business-in-a-box.com/imgs/250px/609.png",{"label":60,"url":61,"thumb":62,"extension":10},"Explanation of Insurance Rate Increase","/template/explanation-of-insurance-rate-increase-D612","https://templates.business-in-a-box.com/imgs/250px/612.png",{"label":64,"url":65,"thumb":66,"extension":10},"Checklist Key Employee Life Insurance","/template/checklist-key-employee-life-insurance-D610","https://templates.business-in-a-box.com/imgs/250px/610.png",{"label":68,"url":69,"thumb":70,"extension":10},"Request Immediate Insurance Coverage for New Employee","/template/request-immediate-insurance-coverage-for-new-employee-D613","https://templates.business-in-a-box.com/imgs/250px/613.png",{"label":72,"url":73,"thumb":74,"extension":10},"Checklist Business Insurance","/template/checklist-business-insurance-D12993","https://templates.business-in-a-box.com/imgs/250px/12993.png",{"label":76,"url":77,"thumb":78,"extension":10},"Insurance Company Business Plan","/template/insurance-company-business-plan-D11987","https://templates.business-in-a-box.com/imgs/250px/11987.png",{"label":80,"url":81,"thumb":82,"extension":10},"Request to Include Landlord in Tenant's Liability Insurance","/template/request-to-include-landlord-in-tenant-s-liability-insurance-D1200","https://templates.business-in-a-box.com/imgs/250px/1200.png",{"description":84,"descriptionCustom":6,"label":85,"pages":8,"size":9,"extension":10,"preview":86,"thumb":87,"svgFrame":88,"seoMetadata":89,"parents":91,"keywords":90,"url":98},"INDEMNIFICATION AGREEMENT This Indemnification Agreement (\"Agreement\") is effective as of [DATE], BETWEEN: [NAME OF THE INDEMNIFYING PARTY] (the \"Indemnifier\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE] with its head office located at: [YOUR COMPLETE ADDRESS] AND: [NAME OF THE INDEMNITEE] (the \"Indemnitee \"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, the Indemnitee seeks protection against any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. WHEREAS, the Indemnifier seeks to minimize any hardship the Indemnitee might suffer as the result of any personal liability, claim, suit, action, loss, or damage that may result from the Indemnitee's participation in the Activity. NOW THEREFORE in consideration and as a condition of the Indemnifier and the Indemnitee entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: INDEMNIFIED ACTIVITY The Indemnitee seeks to be protected from the following indemnified activity (hereinafter referred to as the \"Activity\"): [SPECIFY ACTIVITY] INDEMNITY The Indemnifier agrees to indemnify and hold harmless the Indemnitee, its respective affiliates, officers, agents, employees, and permitted successors and assigns against any and all claims, losses, damages, liabilities, penalties, punitive damages, expenses, reasonable legal fees and costs of any kind or amount whatsoever, which result from the Activity. EXCEPTIONS TO INDEMNIFICATION The Indemnifier shall not be obligated to indemnify the Indemnitee for any fines, expenses, judgments, settlements, and other obligations incurred as the result of the Indemnitee's participation in the Activity: In the case of a criminal proceeding; or In the case of a civil claim where the Indemnitee did not act in good faith and/or in a reasonable manner; or If the Indemnitee will or has received payment under a valid and collectible insurance policy or under a valid and enforcement indemnity clause, bylaw or agreement, except where payment under the insurance policy, clause, bylaw or agreement is not sufficient to fully indemnify the Indemnitee, in which case the Indemnifier will be responsible for any shortfall in the payment received; or If an action or proceeding was initiated in whole in or in part by the Indemnitee, whether alone or along with one or more other claimants, unless the action or proceeding has the written consent of the Indemnifier. NOTICE OF CLAIM In the event of any claim or action, the Indemnitee must promptly provide the Indemnifier with written notice of the claim or action and will notify the Indemnifier of any legal proceedings relating to the claim or action within [NUMBER OF DAYS] of the Indemnitee's receipt of notice of such proceedings. The Indemnitee must provide the Indemnifier with all known information available to the Indemnitee relating to the claim or action. COOPERATION ​ The Indemnitee agrees to wholly cooperate with the Indemnifier in the defence of any claim or action against it that the Indemnitee seeks to be indemnified for, including but not limited to, providing the Indemnifier with all available information related to the claim or action, responding to reasonable requests from the Indemnifier for information, documentation, and the like","Indemnification Agreement","https://templates.business-in-a-box.com/imgs/1000px/sample-doc-for-test-D13016.png","https://templates.business-in-a-box.com/imgs/250px/13016.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13016.xml",{"title":90,"description":6},"indemnification agreement",[92,95],{"label":93,"url":94},"Legal Agreements","business-legal-agreements",{"label":96,"url":97},"Release Agreements","release-agreement","/template/indemnification-agreement-D13016",{"description":100,"descriptionCustom":6,"label":101,"pages":102,"size":9,"extension":10,"preview":103,"thumb":104,"svgFrame":105,"seoMetadata":106,"parents":108,"keywords":107,"url":111},"HOLD HARMLESS AGREEMENT This Hold Harmless Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [YOUR FULL NAME] (the \"Indemnifier\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [SECOND PARTY NAME] (the \"Indemnified Party\" a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] WHEREAS both Parties wish to indemnify and hold harmless each other from any claims or litigation arising out of their contractual engagement with each other regarding the services provided by them to each other. NOW THEREFORE, in consideration of the premises and of the mutual agreements contained in this Agreement, the Parties hereto agree as follows: HOLD HARMLESS Each Party agrees to indemnify and hold harmless, to the fullest extent allowed by law, the other Party and its principals, officers, and employees from and against all claims, demands, suits, actions, payments, liabilities, judgments and expenses (including court-ordered attorneys' fees) arising out of or resulting from the acts or omissions of their principals, officers, or employees in the performance of this Agreement. Liability includes any claims, damages, losses, and expenses arising out of or resulting from performance of this Agreement that result in any claim for damage whatsoever, including any bodily injury, civil rights liability, sickness, disease, or damage to or destruction of tangible property, including the loss of use resulting therefrom. Each Party shall maintain a policy or policies of insurance (or a self-insurance program) sufficient in coverage and amount to pay any judgments or related expenses from or in conjunction with any such claims. Nothing in this Agreement shall require either Party to indemnify or hold harmless the other Party from liability for the negligent or wrongful acts or omissions of said other Party or its principals, officers, or employees. AUTHORITY TO ENTER AGREEMENT Each Party that has entered into this Agreement agrees to have full authority to enter into the present Agreement. NOTICE OF CLAIM In the event of any claim or action, the Insured Party shall promptly provide the Indemnifying Party with written notice of claim or action and will notify the Indemnifying Party within _____ days of the commencement of the legal proceedings relating to the claim or action, and the Indemnifying Party will provide the Insured Party with all relevant information known to the Indemnifying Party. AMENDMENTS None of the covenants, terms or conditions of this Agreement, to be kept and performed by either Party, shall in any manner be altered, waived, modified, changed or abandoned except by a written instrument, duly signed, acknowledged and delivered by the other Party. AUTHORIZATION OF INDEMNIFICATION In any case where the Indemnified Party requires indemnification, the Indemnifier will make the determination of whether the indemnification is appropriate, having given consideration to the terms described in the exceptions to indemnification","Hold Harmless Agreement","3","https://templates.business-in-a-box.com/imgs/1000px/hold-harmless-agreement-D12882.png","https://templates.business-in-a-box.com/imgs/250px/12882.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12882.xml",{"title":107,"description":6},"hold harmless agreement",[109,110],{"label":93,"url":94},{"label":93,"url":94},"/template/hold-harmless-agreement-D12882",{"description":113,"descriptionCustom":6,"label":114,"pages":102,"size":9,"extension":10,"preview":115,"thumb":116,"svgFrame":117,"seoMetadata":118,"parents":120,"keywords":119,"url":125},"NON-DISCLOSURE AGREEMENT (NDA) This Non-Disclosure Agreement (the \"Agreement\") is made and effective [DATE], BETWEEN: [YOUR COMPANY NAME] (the \"Disclosing Party\"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] AND: [RECEIVING PARTY NAME] (the \"Receiving Party\"), an individual with his main address located at OR a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] WHEREAS, Receiving Party has been or will be engaged in the performance of work on [DESCRIBE]; and in connection therewith will be given access to certain confidential and proprietary information; and WHEREAS, Receiving Party and Disclosing Party wish to evidence by this Agreement the manner in which said confidential and proprietary material will be treated. NOW, THEREFORE, it is agreed as follows: NON-DISCLOSURE OF CONFIDENTIAL INFORMATION Both Parties understand and agree that each Party may have access to the confidential information of the other party. For the purposes of this Agreement, \"Confidential Information\" means proprietary and confidential information about the Disclosing Party's (or it's suppliers') business or activities. Such information includes all business, financial, technical, and other information marked or designated by such Party as \"confidential\" or \"proprietary.\" Confidential Information also includes information which, by the nature of the circumstances surrounding the disclosure, ought in good faith to be treated as confidential. For the purposes of this Agreement, Confidential Information does not include: Information that is currently in the public domain or that enters the public domain after the signing of this Agreement. Information a Party lawfully receives from a third Party without restriction on disclosure and without breach of a non-disclosure obligation. Information that the Receiving Party knew prior to receiving any Confidential Information from the Disclosing Party. Information that the Receiving Party independently develops without reliance on any Confidential Information from the Disclosing Party. Each Party agrees that it will not disclose to any third Party or use any Confidential Information disclosed to it by the other Party except when expressly permitted in writing by the other Party. Each Party also agrees that it will take all reasonable measures to maintain the confidentiality of all Confidential Information of the other Party in its possession or control. TERM The term of this Agreement is [number] of [years/months] from the date of execution by both Parties. TITLE The Receiving Party agrees that all Confidential Information furnished by the Disclosing Party shall remain the sole property of the Disclosing Party. DISCLAIMER","Non Disclosure Agreement Nda","https://templates.business-in-a-box.com/imgs/1000px/non-disclosure-agreement-nda-D12692.png","https://templates.business-in-a-box.com/imgs/250px/12692.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12692.xml",{"title":119,"description":6},"non disclosure agreement nda",[121,122],{"label":93,"url":94},{"label":123,"url":124},"Confidentiality Agreements","confidentiality-agreement","/template/non-disclosure-agreement-nda-D12692",{"description":127,"descriptionCustom":6,"label":128,"pages":129,"size":9,"extension":10,"preview":130,"thumb":131,"svgFrame":132,"seoMetadata":133,"parents":135,"keywords":134,"url":138},"SERVICE AGREEMENT This SERVICE AGREEMENT (\"Agreement\") is effective [DATE], BETWEEN: [COMPANY NAME] (the \"Contractor\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [COMPANY NAME] (the \"Customer\"), a company organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] (The Contractor and the Customer shall be individually referred to as a \"Party\" and collectively referred to as the \"Parties\", as the context may require). WHEREAS A. Contractor has experience and expertise in [DESCRIBE EXPERIENCE AND SERVICE]. B. Customer desires to have Contractor provide services for them. C. Contractor desires to provide services to Customer on the terms and conditions set forth herein (the \"Services\"). NOW THEREFORE, in consideration of the above recitals, the representations, warranties, and agreements contained in this Agreement and for other good and valuable consideration, the receipt and adequacy of which are now acknowledged, the Parties agree as follows: SERVICES PROVIDED Beginning on upon agreement to this contract, [CONTRACTOR] will provide to [CUSTOMER] the following service (collectively, the /Services\"): Description of the project: [DESCRIBE THE SERVICE REQUIRED]. SCOPE OF WORK Contractor agrees to provide Services pursuant to the Scope of Work set forth in Exhibit A attached hereto (the \"Scope of Work\"). TERM Unless both parties mutually agree on an extension, this contract will automatically terminate on [SPECIFY]. PERFORMANCE The parties agree to do everything possible to ensure that the terms of this Agreement take effect. PAYMENT FOR SERVICES In exchange for the Services rendered, a payment of [SPECIFY] will be made to the Contractor upon completion of the scheduled Services described in this Contract. If an invoice is not paid on the due date, interest will be added to the current balance. These amounts shall be payable, and the Customer shall pay all overdue amounts at the lesser of [SPECIFY] per cent per annum or the maximum percentage permitted by applicable law. Or Customer will pay Contractor as follows: [SPECIFY]. DELIVERY OF SERVICES The Contractor will exercise due diligence in the provision of services. However, the Customer acknowledges that the indicated delivery times and other payment milestones listed in Scope of Work are estimates and do not constitute final delivery dates. SECURITY The Contractor must make reasonable security arrangement to protect Material from unauthorized access, collection, use, alteration or disposal. OWNERSHIP RIGHT The Customer shall hold the copyright for the agreed version of the Services as delivered, and the Customer's copyright notice may be displayed in the final version. All works, ideas, discoveries, inventions, patents, products or other information that may be protected by copyright (collectively, the \"Work Product\" developed in whole or in part by the Contractor in connection with the Services, shall be the exclusive property of the Customer. Upon request, the Contractor shall execute all documents necessary to confirm or perfect the exclusive ownership of the Customer's \"Work Product\". The Contractor retains exclusive rights to pre-existing materials used in the Customer's projects. The Customer shall not have the right to reuse, resell or otherwise transfer material belonging to the contractor or third parties. The Contractor reserves the right to use the finished public product as an example of a product. RETURN OF PROPERTY Upon the expiry or termination of this Agreement, the Contractor will return to the Customer any property, documentation, records or Confidential Information which is the property of the Customer. COMPENSATION For all services rendered by the Contractor under this Agreement, the Customer shall indemnify the Contractor. In the event that the Customer fails to make any of the payments mentioned, the Contractor shall have the right, but shall not be obliged, to exercise any of the following remedies: ","Service Agreement","6","https://templates.business-in-a-box.com/imgs/1000px/service-agreement-D12711.png","https://templates.business-in-a-box.com/imgs/250px/12711.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#12711.xml",{"title":134,"description":6},"service agreement",[136,137],{"label":93,"url":94},{"label":93,"url":94},"/template/service-agreement-D12711",{"description":140,"descriptionCustom":6,"label":141,"pages":129,"size":142,"extension":10,"preview":143,"thumb":144,"svgFrame":145,"seoMetadata":146,"parents":147,"keywords":151,"url":152},"INDEPENDENT CONTRACTOR AGREEMENT This Independent Contractor Agreement (\"Agreement\") is made and effective [Date], BETWEEN: [INDEPENDENT CONTRACTOR NAME] (the \"Independent Contractor\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] (the \"Company\"), a company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] RECITALS Independent Contractor is engaged in providing [Describe] business services, its Employer Tax I.D. Number is [Insert], and its Business License Number is [insert]. Independent Contractor has complied with all Federal, State, and local laws regarding business permits, sales permits, licenses, reporting requirements, tax withholding requirements, and other legal requirements of any kind that may be required to carry out said business and the Scope of Work which is to be performed as an Independent Contractor pursuant to this Agreement. Independent Contractor is or remains open to conducting similar tasks or activities for clients other than the Company and holds themselves out to the public to be a separate business entity. Company desires to engage and contract for the services of the Independent Contractor to perform certain tasks as set forth below. Independent Contractor desires to enter into this Agreement and perform as an independent contractor for the company and is willing to do so on the terms and conditions set forth below. NOW, THEREFORE, in consideration of the above recitals and the mutual promises and conditions contained in this Agreement, the Parties agree as follows: TERMS This Agreement shall be effective commencing [Date], and shall continue until terminated at the completion of the Scope of Work which shall occur no later than [Date] or by either party as otherwise provided herein. STATUS OF INDEPENDENT CONTRACTOR This Agreement does not constitute a hiring by either party. It is the parties intentions that Independent Contractor shall have an independent contractor status and not be an employee for any purposes, including, but not limited to, [laws]. Independent Contractor shall retain sole and absolute discretion in the manner and means of carrying out their activities and responsibilities under this Agreement. This Agreement shall not be considered or construed to be a partnership or joint venture, and the Company shall not be liable for any obligations incurred by Independent Contractor unless specifically authorized in writing. Independent Contractor shall not act as an agent of the Company, ostensibly or otherwise, nor bind the Company in any manner, unless specifically authorized to do so in writing. TASKS, DUTIES, AND SCOPE OF WORK Independent Contractor agrees to devote as much time, attention, and energy as necessary to complete or achieve the following: [Describe]. The above to be referred to in this Agreement as the \"Scope of Work\". It is expected that the Scope of Work will completed by [Date]. Independent Contractor shall additionally perform any and all tasks and duties associated with the Scope of Work set forth above, including but not limited to, work being performed already or related change orders. Independent Contractor shall not be entitled to engage in any activities which are not expressly set forth by this Agreement. The books and records related to the Scope of Work set forth in this Agreement shall be maintained by the Independent Contractor at the Independent Contractor's principal place of business and open to inspection by Company during regular working hours. Documents to which Company will be entitled to inspect include, but are not limited to, any and all contract documents, change orders/purchase orders and work authorized by Independent Contractor or Company on existing or potential projects related to this Agreement. Independent Contractor shall be responsible to the management and directors of Company, but Independent Contractor will not be required to follow or establish a regular or daily work schedule. Supply all necessary equipment, materials and supplies. Independent Contractor will not rely on the equipment or offices of Company for completion of tasks and duties set forth pursuant to this Agreement. Any advice given Independent Contractors regarding the scope of work shall be considered a suggestion only, not an instruction. Company retains the right to inspect, stop, or alter the work of Independent Contractor to assure its conformity with this Agreement. ASSURANCE OF SERVICES Independent Contractor will assure that the following individuals (the \"Key Employees\") will be available to perform, and will perform, the Services hereunder until they are completed (identify by title and name as applicable): [Name of Key Employee, Title] [Name of Key Employee, Title] The Key Employees may be changed only with the prior written approval of the Company, which approval shall not be unreasonably withheld. COMPENSATION Independent Contractor shall be entitled to compensation for performing those tasks and duties related to the Scope of Work as follows: [Describe] Such compensation shall become due and payable to Independent Contractor in the following time, place, and manner: [Describe] NOTICE CONCERNING WITHHOLDING OF TAXES Independent Contractor recognizes and understands that it will receive a [specify tax] statement and related tax statements, and will be required to file corporate and/or individual tax returns and to pay taxes in accordance with all provisions of applicable Federal and State law. Independent Contractor hereby promises and agrees to indemnify the Company for any damages or expenses, including attorney's fees, and legal expenses, incurred by the Company as a result of independent contractor's failure to make such required payments. AGREEMENT TO WAIVE RIGHTS TO BENEFITS Independent Contractor hereby waives and foregoes the right to receive any benefits given by Company to its regular employees, including, but not limited to, health benefits, vacation and sick leave benefits, profit sharing plans, etc. This waiver is applicable to all non-salary benefits which might otherwise be found to accrue to the Independent Contractor by virtue of their services to Company, and is effective for the entire duration of Independent Contractor's agreement with Company. This waiver is effective independently of Independent Contractor's employment status as adjudged for taxation purposes or for any other purpose. Neither this Agreement, nor any duties or obligations under this Agreement may be assigned by either party without the consent of the other. TERMINATION This Agreement may be terminated prior to the completion or achievement of the Scope of Work by either party giving [number] days written notice. Such termination shall not prejudice any other remedy to which the terminating party may be entitled, either by law, in equity, or under this Agreement. NON-DISCLOSURE OF TRADE SECRETS, CUSTOMER LISTS AND OTHER PROPRIETARY INFORMATION Independent Contractor agrees not to disclose or communicate, in any manner, either during or after Independent Contractor's agreement with Company, information about Company, its operations, clientele, or any other information, that relate to the business of Company including, but not limited to, the names of its customers, its marketing strategies, operations, or any other information of any kind which would be deemed confidential, a trade secret, a customer list, or other form of proprietary information of Company. Independent Contractor acknowledges that the above information is material and confidential and that it affects the profitability of Company. ","Independent Contractor Agreement",62,"https://templates.business-in-a-box.com/imgs/1000px/independent-contractor-agreement-D160.png","https://templates.business-in-a-box.com/imgs/250px/160.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#160.xml",{"title":6,"description":6},[148],{"label":149,"url":150},"Consultant & Contractors","consulting-contractor-business","independent contractor agreement","/template/independent-contractor-agreement-D160",{"description":154,"descriptionCustom":6,"label":155,"pages":156,"size":9,"extension":10,"preview":157,"thumb":158,"svgFrame":159,"seoMetadata":160,"parents":162,"keywords":161,"url":169},"VENDOR AGREEMENT This Vendor Agreement (the \"Agreement\") is effective [DATE], BETWEEN: [NAME OF THE COMPANY], (the \"Company\"), a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [NAME OF THE VENDOR], (the \"Vendor\"), an individual with his main address located at OR a Company organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] Collectively, the Company and Vendor shall be referred to as the \"Parties.\" WHEREAS, the Company desires to engage the Vendor for the purpose of supplying Products [SPECIFY PRODUCTS] or Services [SPECIFY SERVICES] as mentioned and described in EXHIBIT A GOOD/SERVICES; WHEREAS, the Vendor is interested in supplying the Products/performing the Services that the Company wishes; WHEREAS, both the Parties wish to evidence their contract in writing and both the Parties have the capacity to enter into and perform this contract; NOW THEREFORE in consideration and as a condition of the Parties entering into this Agreement and other valuable considerations, the receipt and sufficiency of which consideration is acknowledged, the Parties agree as follows: INCORPORATION OF RECITALS The Parties agree that the Recitals are true and correct and are incorporated into this Agreement as though set forth in full. RELATIONSHIP The Vendor acknowledges that they are solely an Independent Contractor and not an employee, agent, partner or joint venture of the Company. The Company will provide the Vendor with the details of the Services/Products it wants the Vendor to undertake and supply/perform henceforth. The Company shall not withhold any taxes or any amount or payment due to the Vendor and which it owes to the Vendor in regard to the Services rendered by it to the Company. TERM The present Agreement shall come into force on the Effective Date hereof and shall remain in force for a period of [NUMBER OF MONTHS] months starting from the Effective Date hereof and shall terminate at the expiration of the Term hereof. SERVICES/PRODUCTS The Vendor shall provide such Services/Products as mentioned in Exhibit A attached to the present Agreement. PAYMENT As consideration for, and subject to the Vendor's continued performance of, all of the Vendor Services, the Vendor will receive a lump sum cash fee of [AMOUNT] for each full calendar month during which the Vendor provides the Vendor's Services to the Company. The said payment shall be paid via [SPECIFY MODE OF PAYMENT]. VENDOR'S DOCUMENTATION At the time of Vendor registration and/or at any time thereafter and/or from time to time as may be required, the Company may seek information, data or documents as may be specified by the Company which clearly and unambiguously verify the details, including the Vendor's bank account provided by Vendor at the time of registration with or at any subsequent date. The Company has the right to reject any one or more of the documents submitted by the Vendor and may ask for other documents or further information. WARRANTIES BY THE VENDOR The Vendor warrants that the signatory to the present Agreement has the right and full authority to enter into this Agreement with the Company and the Agreement so executed is binding in nature. All obligations narrated under this Agreement are legal, valid, binding, and enforceable in law against the Vendor. There are no proceedings pending against the Vendor, which may have a material adverse effect on its ability to perform and meet the obligations under this Agreement. The Vendor warrants that it is an authorized business establishment and holds all the requisite permissions, authorities, approvals, and sanctions to conduct its business and to enter into the present Agreement with the Company. The Vendor shall always ensure compliance with all the requirements applicable to its business and for the purposes of this Agreement including but not limited to Intellectual Property rights. It further declares and confirms that it has paid and shall continue to discharge all its obligations towards statutory authorities. The Vendor warrants that it has adequate rights under relevant laws including but not limited to various Intellectual Property legislation(s) to enter into this Agreement with the Company and perform the obligations contained herein and that it has not violated/infringed any Intellectual Property rights of any third party. LIMITATION OF LIABILITY It is expressly agreed by the Vendor that the Company shall under no circumstances be liable or responsible for any loss, injury or damage to the Vendor or any other Party whomsoever, arising on account of any transaction under this Agreement. The Vendor agrees and acknowledges that it shall be solely liable for any claims, damages, or allegations arising out of the Products/Services and shall hold the Company harmless and indemnified against all such claims and damages. Further, the Company shall not be liable for any claims or damages arising out of any negligence, misconduct, or misrepresentation by the Vendor or any of its Representatives. The Company under no circumstances shall be liable to the Vendor for loss and/or anticipated loss of profits, or for any direct or indirect, incidental, consequential, special or exemplary damages arising from the subject matter of this Agreement, regardless of the type of claim and even if the Vendor has been advised of the possibility of such damages, such as, but not limited to loss of revenue or anticipated profits or loss of business, unless such loss or damages are proven by the Vendor to have been deliberately caused by the Company. CONFIDENTIALITY Definition: \"Confidential Information\" means any proprietary information, technical data, trade secrets or know-how of the Company, including, but not limited to, research, business plans or models, product plans, products, services, computer software and code, developments, inventions, processes, formulas, technology, designs, drawings, engineering, customer lists and customers (including, but not limited to, customers of the Company on whom the Vendor called or with whom the Vendor became acquainted during the Term of his performance of the Services), markets, finances or other business information disclosed by the Company either directly or indirectly in writing, orally or by drawings or inspection of parts or equipment. Confidential Information does not include information which: (a) is known to the Vendor at the time of disclosure to the Vendor by the Company as evidenced by written records of the Vendor, (b) has become publicly known and made generally available through no wrongful act of the Vendor, or (c) has been rightfully received by the Vendor from a third party who is authorized to make such disclosure. Non-Use and Non-Disclosure. The Vendor shall not, during or after the Term of this Agreement: (i) use the Company's Confidential Information for any purpose whatsoever other than the performance of the Services on behalf of the Company, or (ii) disclose the Company's Confidential Information to any third party. It is understood that said Confidential Information is and will remain the sole property of the Company. The Vendor shall take all commercially reasonable precautions to prevent any unauthorized use or disclosure of such Confidential Information. The Vendor, his/her servants, agents, and employees shall not use, disseminate, or distribute to any person, firm or entity, incorporate, reproduce, modify, reverse engineer, decompile or network any Confidential Information, or any portion thereof, for any purpose, commercial, personal, or otherwise, except as expressly authorized in writing by the Manager then appointed by the Company","Vendor Agreement","9","https://templates.business-in-a-box.com/imgs/1000px/vendor-agreement-D13292.png","https://templates.business-in-a-box.com/imgs/250px/13292.png","https://templates.business-in-a-box.com/svgs/docviewerWebApp1.html?v6#13292.xml",{"title":161,"description":6},"vendor agreement",[163,166],{"label":164,"url":165},"Sales & Marketing","sales-marketing",{"label":167,"url":168},"Advertising","advertising","/template/vendor-agreement-D13292",false,{"seo":172,"reviewer":184,"legal_disclaimer":188,"quick_facts":189,"at_a_glance":191,"personas":195,"variants":220,"glossary":247,"clauses":284,"how_to_fill":334,"common_mistakes":375,"faqs":400,"industries":428,"comparisons":453,"diy_vs_lawyer":468,"jurisdictions":481,"related_template_ids_curated":502,"schema":514,"classification":515},{"meta_title":173,"meta_description":174,"primary_keyword":175,"secondary_keywords":176},"Insurance Agreement Template (Free Word)","Free insurance agreement template for businesses. Covers coverage terms, premiums, exclusions, claims procedures, and termination. Used in 190+ countries. Free Word and PDF download.","insurance agreement template",[177,178,179,180,181,182,183],"insurance contract template","insurance agreement template word","business insurance agreement","insurance policy agreement template","insurance agreement template free","commercial insurance agreement","insurance contract sample",{"name":185,"credential":186,"reviewed_date":187},"Bruno Goulet","CEO, Business in a Box","2026-05-02",true,{"difficulty":190,"legal_review_recommended":188,"signature_required":188,"notarization_required":170},"advanced",{"what_it_is":192,"when_you_need_it":193,"whats_inside":194},"An Insurance Agreement is a legally binding contract between an insurer and an insured party that defines the scope of coverage, premium obligations, exclusions, claims procedures, and conditions under which the insurer will pay out a benefit or indemnify a loss. This free Word download gives you a structured, editable starting point you can customize for general liability, property, professional indemnity, or other commercial coverage types, then export as PDF for execution.\n","Use it when formalizing a commercial insurance arrangement between a business and an insurer, when a client or counterparty requires proof of coverage terms as a condition of a contract, or when establishing a captive or self-insurance arrangement that requires documented policy language.\n","Parties and policy identification, coverage scope and insured events, premium amounts and payment schedule, deductibles and coverage limits, exclusions and conditions, claims notification and settlement procedures, subrogation rights, cancellation and renewal terms, and governing law.\n",[196,200,204,208,212,216],{"title":197,"use_case":198,"icon_asset_id":199},"Business owners","Documenting commercial general liability or property coverage for operations","persona-small-business-owner",{"title":201,"use_case":202,"icon_asset_id":203},"Risk managers","Standardizing insurance contract language across a multi-entity enterprise","persona-operations-director",{"title":205,"use_case":206,"icon_asset_id":207},"Legal counsel","Reviewing or drafting policy terms for a corporate insurance placement","persona-lawyer",{"title":209,"use_case":210,"icon_asset_id":211},"Insurance brokers","Preparing agreement frameworks to present coverage options to commercial clients","persona-consultant",{"title":213,"use_case":214,"icon_asset_id":215},"Startup founders","Establishing D&O or errors-and-omissions coverage before a funding round","persona-startup-founder",{"title":217,"use_case":218,"icon_asset_id":219},"Contract administrators","Ensuring subcontractors maintain required coverage under a master agreement","persona-hr-manager",[221,225,229,233,237,240,243],{"situation":222,"recommended_template":223,"slug":224},"Covering third-party bodily injury and property damage from business operations","General Liability Insurance Agreement","insurance-agreement-D13017",{"situation":226,"recommended_template":227,"slug":228},"Protecting a business against losses from fire, theft, or natural disaster","Commercial Property Insurance Agreement","contract-of-sale-of-commercial-property-D1169",{"situation":230,"recommended_template":231,"slug":232},"Covering professionals against claims of negligence or errors in service delivery","Professional Indemnity Insurance Agreement","indemnity-agreement-D885",{"situation":234,"recommended_template":235,"slug":236},"Insuring directors and officers against personal liability claims","Directors and Officers Insurance Agreement","checklist-directors-and-officers-insurance-D608",{"situation":238,"recommended_template":239,"slug":224},"Covering employees for work-related injuries under statutory requirements","Workers Compensation Insurance Agreement",{"situation":241,"recommended_template":242,"slug":224},"Providing excess coverage above the limits of underlying primary policies","Umbrella Insurance Agreement",{"situation":244,"recommended_template":245,"slug":246},"Requiring a third party to maintain coverage as a condition of a service contract","Certificate of Insurance and Hold Harmless Agreement","hold-harmless-agreement-D12882",[248,251,254,257,260,263,266,269,272,275,278,281],{"term":249,"definition":250},"Insured","The individual or entity whose risk of loss is covered under the insurance agreement.",{"term":252,"definition":253},"Insurer","The insurance company or underwriter that agrees to pay covered claims in exchange for the premium.",{"term":255,"definition":256},"Premium","The amount the insured pays — monthly, quarterly, or annually — to maintain coverage under the policy.",{"term":258,"definition":259},"Deductible","The amount the insured must pay out of pocket on each covered claim before the insurer's obligation begins.",{"term":261,"definition":262},"Coverage Limit","The maximum dollar amount the insurer will pay for a single covered event or in aggregate over the policy period.",{"term":264,"definition":265},"Exclusion","A specific event, condition, or type of loss that the policy explicitly does not cover.",{"term":267,"definition":268},"Subrogation","The insurer's right, after paying a claim, to step into the insured's shoes and pursue recovery from the third party responsible for the loss.",{"term":270,"definition":271},"Indemnity","The principle that the insured should be restored to the same financial position they were in before the covered loss — no more, no less.",{"term":273,"definition":274},"Policy Period","The defined start and end dates during which the insurance agreement is in force and claims can be triggered.",{"term":276,"definition":277},"Additional Insured","A third party — such as a client or landlord — added to the policy by endorsement and granted coverage rights under specific conditions.",{"term":279,"definition":280},"Claims-Made vs. Occurrence","Two trigger structures: claims-made policies cover claims filed during the policy period; occurrence policies cover events that happen during the policy period regardless of when the claim is filed.",{"term":282,"definition":283},"Endorsement","A written amendment to the insurance agreement that modifies, expands, or restricts the standard policy terms.",[285,290,295,300,305,310,315,320,324,329],{"name":286,"plain_english":287,"sample_language":288,"common_mistake":289},"Parties and Policy Identification","Identifies the insurer and insured by legal name, sets the unique policy number, and establishes the policy period with specific start and end dates.","This Insurance Agreement (Policy No. [POLICY NUMBER]) is entered into between [INSURER LEGAL NAME] ('Insurer') and [INSURED LEGAL NAME] ('Insured'), effective from [START DATE] to [END DATE] ('Policy Period').","Using a trade name or DBA instead of the insured's full legal entity name — mismatches between the policy name and operating entity can cause claim denials when the insurer argues the loss was suffered by a different legal person.",{"name":291,"plain_english":292,"sample_language":293,"common_mistake":294},"Coverage Scope and Insured Events","Defines precisely what risks, events, and losses the insurer agrees to cover, including the coverage type (liability, property, professional indemnity, etc.) and the triggering conditions.","Subject to the terms and conditions of this Agreement, Insurer agrees to indemnify Insured against [TYPE OF LOSS] arising from [COVERED EVENTS] occurring during the Policy Period, up to the Coverage Limit stated in Schedule A.","Describing coverage in broad, aspirational language without specifying the trigger conditions — vague coverage language is routinely used by insurers to contest whether a specific loss falls within scope.",{"name":296,"plain_english":297,"sample_language":298,"common_mistake":299},"Coverage Limits and Sublimits","States the maximum aggregate and per-occurrence dollar amounts the insurer will pay, and any sublimits that apply to specific categories of loss such as business interruption or data breach.","The per-occurrence limit is $[AMOUNT]. The aggregate limit for the Policy Period is $[AMOUNT]. A sublimit of $[AMOUNT] applies to [SUBLIMIT CATEGORY, e.g., 'cyber incident response costs'].","Negotiating only the headline aggregate limit without reviewing sublimits — a $5M policy with a $250K sublimit on business interruption provides almost no protection for the category most likely to produce a large claim.",{"name":301,"plain_english":302,"sample_language":303,"common_mistake":304},"Deductible and Self-Insured Retention","Specifies the amount the insured must pay per claim before the insurer's obligation is triggered, and distinguishes between a standard deductible (insurer pays first, then recoups) and a self-insured retention (insured pays first).","Insured shall bear the first $[DEDUCTIBLE AMOUNT] of each covered claim ('Deductible'). The Insurer's obligation to indemnify arises only after the Deductible has been satisfied by Insured.","Treating deductibles and self-insured retentions as interchangeable — with an SIR, the insurer has no duty to defend until the retention is exhausted, which can leave the insured managing litigation alone for months.",{"name":306,"plain_english":307,"sample_language":308,"common_mistake":309},"Exclusions","Lists the specific events, conditions, or categories of loss the policy does not cover, such as intentional acts, contractual liability assumed voluntarily, or losses arising from war or nuclear events.","This Agreement does not cover losses arising from: (a) intentional or fraudulent acts of the Insured; (b) liabilities assumed under contract beyond those the Insured would bear at common law; (c) [ADDITIONAL EXCLUSIONS]; or (d) any event excluded by applicable law.","Failing to read the exclusions section before signing — many businesses discover that the specific risk they thought they were covering (e.g., a flood, a cyberattack, or a contractual penalty) is explicitly excluded from standard policy language.",{"name":311,"plain_english":312,"sample_language":313,"common_mistake":314},"Premium and Payment Schedule","States the total annual premium, the installment schedule if applicable, and the consequences of late or missed payments including a grace period before coverage lapses.","Insured shall pay an annual premium of $[AMOUNT], payable in [INSTALLMENTS / full] on [DUE DATE(S)]. A grace period of [X] days applies to each payment. Failure to pay within the grace period permits Insurer to suspend or cancel coverage on [X] days' written notice.","Missing a premium payment without realizing coverage lapses automatically after the grace period — any loss occurring during a lapsed period is uninsured, even if the policy is later reinstated.",{"name":316,"plain_english":317,"sample_language":318,"common_mistake":319},"Claims Notification and Procedure","Establishes the timeframe and method for notifying the insurer of a covered event or potential claim, the information required, and the consequences of late or defective notice.","Insured shall notify Insurer of any covered event or potential claim as soon as practicable, and in any event within [X] days of first becoming aware of the event. Notice shall be in writing to [CLAIMS CONTACT / ADDRESS] and shall include [REQUIRED INFORMATION].","Providing verbal notice to a broker or agent and assuming the insurer has been formally notified — most policies require written notice to the insurer directly, and late notice is one of the most common grounds for claim denial.",{"name":267,"plain_english":321,"sample_language":322,"common_mistake":323},"Grants the insurer the right to step into the insured's position after paying a claim and pursue the third party responsible for the loss to recover what the insurer paid out.","Upon payment of any claim under this Agreement, Insurer shall be subrogated to all rights and remedies of Insured against any third party responsible for the covered loss, to the extent of the payment made. Insured shall cooperate fully in any such recovery action.","Signing a contract with a mutual waiver-of-subrogation clause without notifying the insurer — if the insurer's subrogation rights are waived by contract before a loss occurs, the insurer may deny the claim entirely on the grounds that recovery has been prejudiced.",{"name":325,"plain_english":326,"sample_language":327,"common_mistake":328},"Cancellation and Renewal","Sets out the conditions under which either party may cancel the policy mid-term, the required notice period, the return of unearned premium, and the terms on which the policy may be renewed at expiry.","Either party may cancel this Agreement on [X] days' written notice. In the event of cancellation by Insurer, Insurer shall return the pro-rata unearned premium. Renewal of this Agreement is subject to [CONDITIONS / UNDERWRITING REVIEW] and is not guaranteed.","Assuming an insurance agreement renews automatically on the same terms — many commercial policies are subject to underwriting review at renewal, and changes in the business or claims history can result in coverage restrictions or non-renewal without an explicit right to renew.",{"name":330,"plain_english":331,"sample_language":332,"common_mistake":333},"Governing Law and Dispute Resolution","Specifies the jurisdiction whose insurance law governs the agreement and the mechanism for resolving disputes — appraisal, arbitration, or court — including the venue.","This Agreement is governed by the laws of [STATE / PROVINCE / COUNTRY]. Any dispute arising under this Agreement that cannot be resolved by negotiation shall be submitted to [ARBITRATION / APPRAISAL] administered by [BODY] in [CITY], except claims for injunctive relief or emergency coverage.","Agreeing to an arbitration clause without reviewing whether the applicable state or provincial insurance regulations restrict mandatory arbitration for insurance disputes — several US states and Canadian provinces limit or prohibit binding pre-dispute arbitration clauses in consumer and small commercial policies.",[335,340,345,350,355,360,365,370],{"step":336,"title":337,"description":338,"tip":339},1,"Identify the parties and assign a policy number","Enter the insurer's full legal name and jurisdiction of incorporation, the insured's registered legal entity name, and a unique policy number. Confirm the insured name matches the entity that will suffer the loss.","If multiple related entities need coverage, list them separately or use an 'Insured Entities' schedule rather than relying on a general 'affiliates' reference, which courts interpret inconsistently.",{"step":341,"title":342,"description":343,"tip":344},2,"Define the coverage type and triggering events precisely","Choose the coverage category (general liability, property, professional indemnity, D&O, etc.) and write out the specific triggering conditions — the events that activate the insurer's payment obligation. Avoid relying on the coverage category name alone.","Cross-reference the coverage definition against the exclusions clause before finalizing — the two clauses are often drafted independently and can leave unintended gaps.",{"step":346,"title":347,"description":348,"tip":349},3,"Set coverage limits, sublimits, and deductibles","Enter the per-occurrence limit, aggregate limit, and any sublimits for specific loss categories. State the deductible amount and confirm whether it operates as a standard deductible or a self-insured retention.","Run a scenario analysis: if your single largest foreseeable loss (e.g., a complete facility destruction or a class-action claim) hit today, would the per-occurrence limit and sublimits actually cover it?",{"step":351,"title":352,"description":353,"tip":354},4,"List all exclusions explicitly","Populate the exclusions clause with the standard exclusions for your coverage type plus any negotiated carve-outs. Each exclusion should be specific enough that a claims adjuster can apply it without judgment calls.","Ask the insurer for a list of the top ten claims they have denied under similar policies in the past three years — this tells you which exclusions are actively used and which are theoretical.",{"step":356,"title":357,"description":358,"tip":359},5,"Set the premium, payment schedule, and grace period","Enter the annual premium, installment due dates, and the number of days in the grace period before coverage lapses for non-payment. Confirm that the grace period meets any statutory minimum in the governing jurisdiction.","Calendar all premium due dates and set reminders 10 business days in advance — a missed payment that lapses coverage on the day of a loss is one of the most costly and avoidable insurance errors.",{"step":361,"title":362,"description":363,"tip":364},6,"Draft the claims notification procedure","Specify the notice period (e.g., 30 days from first awareness), the method (written, to a named claims contact), and the minimum information required in the notice. Include a backup contact in case the primary is unavailable.","In claims-made policies, late notice is a coverage-defeating condition — consider setting your internal notice trigger 10 days earlier than the contractual deadline to create a buffer.",{"step":366,"title":367,"description":368,"tip":369},7,"Address subrogation waivers if required by related contracts","Review any service contracts, leases, or construction agreements that require a mutual waiver of subrogation. If waivers are needed, add an endorsement to the policy before the contract is signed — not after a loss occurs.","Inform your insurer of any waiver-of-subrogation obligations in writing and get written confirmation that coverage is not affected — verbal assurances from brokers are not binding on the insurer.",{"step":371,"title":372,"description":373,"tip":374},8,"Execute the agreement before the policy period starts","Both parties should sign before the coverage start date. Attach all schedules (coverage schedule, premium schedule, endorsements) as executed exhibits. Retain the fully executed original in your risk management files.","Request a certified copy of the executed policy from the insurer within 30 days of signing — disputes about what was agreed often arise when parties are working from different versions of the document.",[376,380,384,388,392,396],{"mistake":377,"why_it_matters":378,"fix":379},"Insured entity name mismatch","If the policy names a holding company but the loss is suffered by an operating subsidiary, the insurer may deny the claim on the grounds that the named insured has no insurable interest in the loss. Courts in the US and UK have upheld such denials.","Confirm the legal entity that will actually incur the covered losses and name that entity — or all relevant entities — explicitly in the policy, using an additional insured endorsement where needed.",{"mistake":381,"why_it_matters":382,"fix":383},"Waiving subrogation without notifying the insurer","Agreeing to a waiver of subrogation in a third-party contract without the insurer's consent can prejudice the insurer's ability to recover paid claims, which is grounds for claim denial under most policy conditions.","Before signing any contract that contains a waiver-of-subrogation clause, request a blanket subrogation waiver endorsement from the insurer and attach it to the policy before the contract is executed.",{"mistake":385,"why_it_matters":386,"fix":387},"Relying on verbal notice to a broker as formal claims notice","Brokers are agents of the insured, not the insurer, in most jurisdictions. Verbal notice to a broker does not constitute notice to the insurer, and late formal notice is one of the leading grounds for commercial claim denial.","Submit written notice directly to the insurer's claims department within the contractual notice period, with a copy to your broker. Keep the transmission confirmation on file.",{"mistake":389,"why_it_matters":390,"fix":391},"Not reviewing sublimits against actual exposure","A policy with a $5M aggregate limit may include a $100K sublimit on business interruption or cyber response costs — the categories most likely to generate your largest single loss. The headline limit is misleading if the relevant sublimit is inadequate.","Map each sublimit to your top five foreseeable loss scenarios and confirm the sublimit covers at least 80% of the estimated worst-case cost for each category before binding.",{"mistake":393,"why_it_matters":394,"fix":395},"Assuming automatic renewal on the same terms","Most commercial insurance agreements are subject to underwriting review at renewal. A significant claim, a change in business activity, or a market hardening can result in coverage restrictions, exclusion additions, or non-renewal — leaving the business uninsured at expiry.","Start renewal negotiations at least 90 days before expiry, disclose any material changes in operations or risk profile, and obtain the renewal terms in writing before the current policy lapses.",{"mistake":397,"why_it_matters":398,"fix":399},"No endorsements for additional insureds required by contracts","Many client contracts, leases, and construction agreements require the other party to be added as an additional insured. Operating under a contract without the required endorsement in place means the counterparty has no coverage, which can trigger a contract breach and personal liability exposure.","Audit all active contracts at each policy renewal for additional insured requirements, then request the corresponding endorsements from the insurer before the new policy period begins.",[401,404,407,410,413,416,419,422,425],{"question":402,"answer":403},"What is an insurance agreement?","An insurance agreement is a legally binding contract between an insurer and an insured party under which the insurer agrees to indemnify the insured against specified losses in exchange for a premium. It defines the coverage scope, limits, exclusions, deductibles, claims procedures, and the conditions that must be satisfied for the insurer's obligation to pay to arise. Unlike a certificate of insurance, which is a summary document, the insurance agreement is the governing legal instrument.\n",{"question":405,"answer":406},"What is the difference between an insurance agreement and an insurance policy?","In practice, the terms are often used interchangeably. Technically, the insurance policy is the full document package including the declarations page, coverage form, endorsements, and conditions — the insurance agreement is the core contract within that package that creates the insurer's obligation to pay. When drafting or reviewing commercial insurance, treat the entire policy package as the binding agreement and ensure all endorsements are attached and executed.\n",{"question":408,"answer":409},"What must an insurance agreement include to be enforceable?","At minimum: identification of both parties, the policy period, a clear description of the covered risks and triggering events, the coverage limits and deductible, the premium and payment terms, the exclusions, and the claims notification requirements. Most jurisdictions also require that the insurer be licensed to write the coverage type in the applicable jurisdiction. An agreement that omits the exclusions or coverage trigger may be interpreted by courts in favor of the insured under the principle of contra proferentem.\n",{"question":411,"answer":412},"What is the difference between a claims-made and an occurrence policy?","An occurrence policy covers events that happen during the policy period, regardless of when the claim is actually filed — even years later. A claims-made policy covers only claims that are both reported and first made during the active policy period. Claims-made policies are common for professional indemnity and D&O coverage. When switching insurers on a claims-made basis, a retroactive date and tail coverage (extended reporting period) are essential to avoid gaps for past incidents.\n",{"question":414,"answer":415},"Do I need a lawyer to review an insurance agreement?","For standard commercial policies under $1M in premium, a licensed insurance broker with expertise in your industry can typically identify coverage gaps, sublimit issues, and problematic exclusions. Engage a lawyer when the coverage involves complex risk transfer (captives, reinsurance, specialty lines), when the policy is tied to a significant transaction, when a coverage dispute has arisen, or when the insurer is drafting bespoke policy language rather than using a standard form.\n",{"question":417,"answer":418},"What happens if I miss a premium payment?","Most insurance agreements include a grace period — typically 10 to 30 days — after which the insurer may suspend or cancel coverage on written notice. Any loss occurring after the grace period expires but before the policy is reinstated is uninsured. Some jurisdictions require insurers to provide a statutory minimum notice period before cancellation for non-payment; the contractual grace period should meet or exceed that minimum. Reinstated policies may carry a lapse exclusion for the gap period.\n",{"question":420,"answer":421},"What is an additional insured endorsement and when is it required?","An additional insured endorsement adds a third party — typically a client, landlord, lender, or project owner — to the policy, giving them direct rights to make claims under specified conditions. It is commonly required in commercial leases, construction contracts, and professional services agreements. The endorsement must be attached to the policy before a loss occurs; retroactive additions are generally not accepted by insurers and do not bind them to cover losses that have already happened.\n",{"question":423,"answer":424},"Can a business cancel an insurance agreement before it expires?","Yes — most insurance agreements allow either party to cancel on written notice, typically 30 days for the insured or up to 60 days for the insurer (longer for non-payment). If the insured cancels, the return of unearned premium is usually calculated on a short-rate basis (slightly less than pro-rata) rather than a full pro-rata refund. Confirm the cancellation calculation method before cancelling mid-term, and ensure replacement coverage is bound before the cancellation takes effect.\n",{"question":426,"answer":427},"How does subrogation work in an insurance agreement?","After paying a covered claim, the insurer steps into the insured's legal shoes and pursues the third party whose negligence or breach caused the loss. This prevents the insured from recovering twice — once from the insurer and once from the responsible party. The insured is required to cooperate in the insurer's subrogation action and must not do anything that prejudices the insurer's recovery rights, such as signing a release of liability with the responsible party without the insurer's consent.\n",[429,433,437,441,445,449],{"industry":430,"icon_asset_id":431,"specifics":432},"Construction","industry-construction","General liability and builder's risk coverage are typically required by contract; subcontractors must be named as additional insureds, and wrap-up (OCIP/CCIP) programs consolidate coverage across multiple parties on large projects.",{"industry":434,"icon_asset_id":435,"specifics":436},"Professional Services","industry-professional-services","Professional indemnity (errors and omissions) coverage on a claims-made basis is standard; retroactive dates and tail coverage at contract termination are critical to avoid gaps for services already performed.",{"industry":438,"icon_asset_id":439,"specifics":440},"Technology / SaaS","industry-saas","Cyber liability and technology E&O coverage address data breach response, regulatory fines, and third-party claims arising from software failures; policy sublimits on cyber incident response costs warrant close scrutiny.",{"industry":442,"icon_asset_id":443,"specifics":444},"Healthcare","industry-healthtech","Medical malpractice and general liability coverage must align with state licensing requirements; HIPAA breach notification costs should be explicitly covered, and occurrence-based malpractice policies are preferred over claims-made where available.",{"industry":446,"icon_asset_id":447,"specifics":448},"Manufacturing","industry-manufacturing","Product liability coverage protects against bodily injury and property damage claims arising from manufactured goods; recall coverage and product contamination riders are essential for food, pharmaceutical, and consumer goods manufacturers.",{"industry":450,"icon_asset_id":451,"specifics":452},"Retail / E-commerce","industry-retail","Commercial property coverage for inventory and premises, combined with cyber liability for payment card data breaches; business interruption sublimits should reflect peak-season revenue exposure, not average monthly revenue.",[454,457,461,464],{"vs":101,"vs_template_id":455,"summary":456},"hold-harmless-agreement-D13017","A hold harmless agreement is a contractual risk-transfer mechanism under which one party agrees to indemnify the other for specified losses — but it does not create an insurance obligation or guarantee that funds will be available to pay a claim. An insurance agreement creates a funded indemnity obligation backed by the insurer's capital. The two documents are often used together: one party assumes the contractual liability, and the insurance agreement backstops the ability to pay.",{"vs":458,"vs_template_id":459,"summary":460},"Certificate of Insurance","D{CERTIFICATE_OF_INSURANCE_ID}","A certificate of insurance is a one-page summary document that evidences the existence of coverage — it is not the policy and does not modify coverage terms. An insurance agreement is the binding contract. Relying on a certificate without reviewing the underlying policy is a common and costly mistake: the certificate may describe coverage that the policy's exclusions have effectively negated.",{"vs":85,"vs_template_id":462,"summary":463},"indemnification-agreement-D13399","An indemnification agreement is a standalone contractual promise by one party to cover another's losses in specified situations. It is only as good as the indemnifying party's financial ability to pay. An insurance agreement shifts the same risk to a regulated, solvent insurer with statutory reserves. The two are complementary: indemnification agreements typically require the indemnifying party to maintain adequate insurance to fund the obligation.",{"vs":465,"vs_template_id":466,"summary":467},"Risk Management Policy","D{RISK_MANAGEMENT_POLICY_ID}","A risk management policy is an internal governance document that identifies organizational risks and establishes mitigation procedures — it does not create any external legal obligations or coverage. An insurance agreement is a binding external contract with a licensed insurer. The risk management policy informs what insurance is needed; the insurance agreement is the mechanism that actually transfers the financial risk.",{"use_template":469,"template_plus_review":473,"custom_drafted":477},{"best_for":470,"cost":471,"time":472},"Small businesses placing standard commercial coverage using insurer-provided standard form policies","Free","30–60 minutes to review and customize",{"best_for":474,"cost":475,"time":476},"Businesses with complex operations, multiple entities, or policies above $500K in annual premium","$500–$1,500 for a broker or coverage counsel review","3–7 business days",{"best_for":478,"cost":479,"time":480},"Large commercial placements, bespoke specialty lines, captive insurance arrangements, or coverage tied to M&A transactions","$3,000–$15,000+ for specialist insurance counsel","2–6 weeks",[482,487,492,497],{"code":483,"name":484,"flag_asset_id":485,"note":486},"us","United States","flag-us","Insurance is regulated at the state level — policy forms and rates must be filed with and approved by each state's Department of Insurance before use. Standard policy forms (ISO, AAIS) are widely adopted but may be modified by endorsement. Several states, including California, New York, and Texas, impose specific notice requirements for mid-term cancellation and non-renewal, which must meet or exceed what the policy states. Non-admitted (surplus lines) insurers may be used for unusual risks but are not covered by state guaranty funds.",{"code":488,"name":489,"flag_asset_id":490,"note":491},"ca","Canada","flag-ca","Insurance regulation is primarily provincial, with each province maintaining its own Insurance Act governing policy form requirements, cancellation notice periods (typically 15 days for non-payment, 45 days for other reasons), and statutory conditions that are incorporated into every policy by law. Quebec's Civil Code imposes distinct obligations on insurers and insureds, including good-faith disclosure requirements at policy inception. Federal oversight applies to federally regulated financial institutions and certain reinsurance arrangements.",{"code":493,"name":494,"flag_asset_id":495,"note":496},"uk","United Kingdom","flag-uk","The Insurance Act 2015 replaced the Marine Insurance Act 1906 as the primary framework for commercial insurance contracts, introducing a duty of fair presentation replacing the prior duty of utmost good faith, proportionate remedies for breach, and restrictions on basis-of-contract clauses. The Financial Conduct Authority regulates insurer conduct and policy terms. Post-Brexit, UK insurers no longer passporte into the EEA, and separate EU placements require EU-authorized carriers. The Consumer Insurance (Disclosure and Representations) Act 2012 applies to non-commercial personal lines policies.",{"code":498,"name":499,"flag_asset_id":500,"note":501},"eu","European Union","flag-eu","The Solvency II Directive harmonizes insurer capital requirements and governance across EU member states but does not standardize policy language — contract terms remain subject to the law of the member state where the risk is located. GDPR obligations apply where policy administration involves personal data processing, requiring a lawful basis for each processing activity. Cross-border placements within the EEA are permitted under freedom of services rules, but local mandatory insurance requirements (e.g., motor, employers' liability) must be met by an EU-authorized insurer. France, Germany, and Spain each impose specific statutory conditions on commercial insurance contracts that may not be waived by agreement.",[503,246,504,505,506,507,508,509,510,511,512,513],"indemnification-agreement-D13016","non-disclosure-agreement-nda-D12692","service-agreement-D12711","independent-contractor-agreement-D160","vendor-agreement-D13292","risk-management-plan-D13391","master-service-agreement-D12657","business-continuity-plan-D12788","lease-agreement-D1179","partnership-agreement-D12551","certificate-of-incumbency-letter-D13511",{"emit_how_to":188,"emit_defined_term":188},{"primary_folder":516,"secondary_folder":517,"document_type":518,"industry":519,"business_stage":520,"tags":521,"confidence":526},"finance-accounting","business-insurance","agreement","general","all-stages",[518,522,523,524,525],"contract","liability","indemnity","insurance",0.95,"\u003Ch2>What is an Insurance Agreement?\u003C/h2>\n\u003Cp>An \u003Cstrong>Insurance Agreement\u003C/strong> is a legally binding contract between an \u003Cstrong>insurer\u003C/strong> and an \u003Cstrong>insured party\u003C/strong> that defines the full terms under which the insurer will indemnify the insured against specified financial losses in exchange for a premium. It establishes the coverage scope, triggering conditions, coverage limits and sublimits, deductibles, exclusions, claims notification requirements, and the procedures governing dispute resolution and cancellation. Unlike a certificate of insurance — which is a summary evidence document only — the insurance agreement is the authoritative legal instrument that determines whether a claim will be paid, for how much, and under what conditions.\u003C/p>\n\u003Ch2>Why You Need This Document\u003C/h2>\n\u003Cp>Operating without a properly documented insurance agreement exposes your business to two compounding risks simultaneously: the risk of the underlying insured event occurring, and the risk that an ambiguous or incomplete policy will not actually pay when it does. Insurers deny claims on the basis of late notice, entity name mismatches, excluded loss categories, and waived subrogation rights — all of which are contract interpretation issues that a well-drafted agreement resolves in advance. Businesses that rely on a broker's verbal summary or a certificate of insurance without reviewing the underlying policy routinely discover at the worst possible moment that critical sublimits are inadequate or a key exclusion eliminates their largest exposure. This template gives you a structured, clause-by-clause framework to document, negotiate, and execute commercial insurance coverage with the precision that protects your ability to recover when a covered loss occurs.\u003C/p>\n",1781185958557]