Document background
The Hold Harmless Agreement (Insurance) is a critical risk management instrument used in the Swiss business environment where parties seek to clearly define and allocate potential risks and liabilities. This document type is particularly relevant when businesses engage in activities with significant risk exposure or when insurance requirements need to be formally documented. The agreement, governed by Swiss law, combines elements of both traditional hold harmless provisions and specific insurance requirements, making it especially useful in complex commercial relationships where risk transfer and insurance coverage are essential components. It provides detailed provisions for indemnification, insurance obligations, and claims procedures, while ensuring compliance with Swiss regulatory requirements, including the Swiss Code of Obligations and the Insurance Contract Act. The document is commonly used in various business contexts, from construction projects to professional services, where clear allocation of risks and insurance responsibilities is crucial for risk management and legal compliance.
