|
It sounds like a typical hold harmless agreement. Just like I have to have all my subs sign a hold harmless agreement against me and my client, they are asking you to do the same. This is becoming a big deal to insurance companies. I just got new insurance and they wouldn't write the policy until I proved I have a hold harmless in place and that all my subs sign it.
Basically, it is eliminating the management's insurance company from liabilty, and placing it all on you. You should make sure you have the proper coverage in place. Maybe even it show it to your insurance agent first and see what they say, as they may have a problem with it.
|