We often discover that a company’s vendor contracts promise protection for the company in the event of a lawsuit. When we see indemnity or insurance procurement provisions in these contracts, we evaluate risk-shifting and money-saving opportunities for the company we represent.
Often, these contract provisions mean the other party and its insurer will pay for your “lunch” by paying your defense costs and settlement costs. This is exactly the result we achieved for a client in a recent premises liability negligent security lawsuit.
