Document background
The Waiver of Subrogation Form is a crucial document used in Swiss business transactions where parties seek to manage their insurance and liability relationships effectively. This document becomes necessary when parties want to prevent an insurer from pursuing recovery claims against specific third parties after paying out an insurance claim. The form is particularly important in construction projects, property management, and commercial leasing arrangements where multiple parties need protection from subrogation claims. Under Swiss law, while insurers generally have the right to pursue subrogation claims under Article 72 of the Swiss Insurance Contract Act (VVG), this right can be waived through proper documentation. The waiver helps maintain business relationships by preventing disputes and simplifying the claims process, while ensuring compliance with Swiss regulatory requirements.
