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Hold Harmless Agreement (Insurance) Template for Philippines

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Key Requirements PROMPT example:

Hold Harmless Agreement (Insurance)

"I need a Hold Harmless Agreement (Insurance) for our construction company in Manila, protecting us against potential claims arising from subcontractor activities during our upcoming high-rise development project starting March 2025, with specific focus on workplace safety and structural integrity risks."

Document background
The Hold Harmless Agreement (Insurance) serves as a crucial risk management tool in the Philippine business environment, providing a framework for protecting parties against specified risks and liabilities through insurance-backed indemnification. This document is commonly used in situations where one party needs to shield another from potential claims, losses, or damages arising from specific activities or circumstances. It aligns with Philippine insurance and contract law requirements, including the Insurance Code and Civil Code provisions, making it particularly valuable in commercial transactions, construction projects, and service agreements where risk allocation is essential. The agreement typically includes comprehensive insurance requirements, specific indemnification obligations, and detailed procedures for claims handling, all tailored to comply with Philippine jurisdiction requirements while meeting the parties' risk management objectives.
Suggested Sections

1. Parties: Identifies and defines the parties to the agreement, including the Indemnitor (party providing indemnification) and Indemnitee (party being protected)

2. Background: Sets out the context and purpose of the agreement, including the relationship between the parties and the activities being covered

3. Definitions: Defines key terms used throughout the agreement, including specific insurance-related terminology

4. Scope of Indemnification: Clearly outlines the specific activities, risks, and circumstances covered by the hold harmless provision

5. Indemnification Obligations: Details the specific obligations of the Indemnitor, including the extent of protection and types of losses covered

6. Insurance Requirements: Specifies the types and amounts of insurance coverage required to support the indemnification

7. Duration: Establishes the term of the agreement and any survival provisions

8. Notice Requirements: Sets out procedures for providing notice of claims or circumstances that might lead to claims

9. Governing Law: Specifies that Philippine law governs the agreement and relevant jurisdiction

10. Execution: Formal closing provisions and signature blocks

Optional Sections

1. Limitation of Liability: Includes caps or restrictions on the indemnification obligation, used when parties want to limit potential exposure

2. Exclusions: Specifies circumstances or types of losses not covered by the indemnification, used when certain risks need to be carved out

3. Security Provisions: Required when additional security (such as bonds or guarantees) is needed to support the indemnification

4. Claims Handling Procedure: Detailed process for managing claims, used in complex agreements or when specific procedures are required

5. Subrogation Rights: Addresses insurance subrogation rights, used when insurance companies' rights need to be specifically addressed

6. Alternative Dispute Resolution: Includes mediation or arbitration provisions, used when parties prefer alternative dispute resolution methods

7. Force Majeure: Addresses extraordinary events affecting performance, used when specific circumstances might impact the indemnification obligations

Suggested Schedules

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

2. Schedule B - Covered Activities: Comprehensive list of activities and operations covered by the indemnification

3. Schedule C - Excluded Risks: Specific listing of risks and circumstances excluded from coverage

4. Schedule D - Claims Procedures: Step-by-step procedures for handling and processing claims

5. Appendix 1 - Insurance Certificates: Copies of current insurance certificates and policies

6. Appendix 2 - Corporate Authorizations: Required corporate resolutions or authorizations for entering into the agreement

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 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

Real Estate

Manufacturing

Events and Entertainment

Healthcare

Transportation and Logistics

Mining and Resources

Energy

Infrastructure Development

Hospitality

Industrial Operations

Maritime and Shipping

Relevant Teams

Legal

Risk Management

Compliance

Operations

Finance

Insurance

Project Management

Procurement

Safety and Security

Corporate Affairs

Facilities Management

Contract Administration

Relevant Roles

Risk Manager

Insurance Manager

Legal Counsel

Compliance Officer

Contract Administrator

Project Manager

Operations Director

Chief Financial Officer

Insurance Broker

Claims Manager

Facility Manager

Safety Officer

Corporate Secretary

Business Development Manager

Procurement 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, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

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