Insurance procurement and contractual indemnity requirements are often used in agreements between owners, tenants and contractors to allocate and transfer risk in real estate and property damage, construction accidents and a host of other settings.
Two of the most commonly used phrases to transfer risk in additional insured endorsements and contractual indemnity provisions are “liability arising out of your work” and “with respect to liability for bodily injury or property damage caused in whole or in part by your acts or omissions.”
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