MLchartDataset catalogue

Cross-indemnity agreement

Term · Insurance and risk management · MLC-T-INS-001044

A contractual arrangement where two or more parties agree to protect each other from liability for certain losses or damages. This agreement specifies which party will bear the financial responsibility in the event of a claim. It is often used in joint ventures or construction projects to allocate risk.

Table 1. Record
IdentifierMLC-T-INS-001044
FieldInsurance and risk management
SubjectCommercial Liability
Record as JSON 
{
  "id": "MLC-T-INS-001044",
  "term": "Cross-indemnity agreement",
  "field": "Insurance and risk management",
  "definition": "A contractual arrangement where two or more parties agree to protect each other from liability for certain losses or damages. This agreement specifies which party will bear the financial responsibility in the event of a claim. It is often used in joint ventures or construction projects to allocate risk.",
  "subject": "Commercial Liability",
  "url": "https://mlchart.com/terminology/insurance/cross-indemnity-agreement/"
}

Record 850 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.