In my opinion a hold harmless and indemnification are different and not one in the same. However, they are mostly used together. The hold harmless is a requirement to protect against an actual or potential loss. It is statement that one party will not be held liable for the injuries or damages caused by the other party. Whereas, the indemnification specifies the terms on the actual compensation for the loss. The purpose is to make sure the association is compensated for ANY loss incurred that was not their fault. I have seen contracts that only have Hold Harmless agreement and no indemnification language. [Read more…] about What is different between hold harmless and indemnification?
We have provided a fun video which at the end answers the question: Are associations covered for incidents off-premises? [Read more…] about VIDEO: HOA Squirrels, nuts, insurance – off premise incidents