assignment of intellectual property rights: when assigning IP rights to someone, the assignor often gives the assignee an indemnity against loss they may suffer from defects in those rights.the remedies available with a pure damage claim would not be sufficient to cover the loss sufferedĮxamples of contracts where indemnities can be used include:.one of the parties is likely to suffer a loss from a commercial transaction.It may be useful to seek an indemnity when: A party who is in a stronger negotiating position is more likely to ask for an indemnity from the other party, whereas a party in a weaker position is less likely able to ask for an indemnity. It depends mostly on the circumstances of the contract (eg if the contract is a high risk contract), the parties' willingness to do so and their relative bargaining positions. Lubell Rosen has a business relationship with Chateau Insurance Agency, who will provide competitive quotes.Indemnities are used in a wide variety of contexts and there is no general rule about when to give an indemnity. Please Contact Us if you are interested in a price quote for Indemnity Only Insurance. The combination of Indemnity Only Insurance and Pre-Paid Legal Defense is still less than most insurance policies and offers significant advantages to the doctors that insurance alone cannot provide. Since doctors who purchase Indemnity Only Insurance must hire their own defense attorneys, Pre-Paid Legal Defense is the perfect solution. This ensures that the lawyer is loyal to the doctor client, and not the insurance carrier. Furthermore, the doctor is required to hire their own lawyer. By stripping out the legal expense exposure, the company is able to save significantly by not being required to defend claims. For most specialties, the price is 50% less, or more. Most importantly, Indemnity Only Insurance is significantly less expensive than standard policies.

Full financial details are disclosed when a quote is obtained. It is sold by A-rated carriers that are financially secured by A-rated re-insurance. This is because Indemnity Only Insurance is standard malpractice insurance. Indemnity Only insurance is accepted by all states, hospitals and medical groups. Doctors who purchase Indemnity Only insurance are required to provide their own legal defense counsel. Indemnity Only Insurance is medical malpractice insurance that only pays the claim, either by settlement or judgment, and does not pay any legal fees towards defense of the claim. Indemnity Only Insurance What is Indemnity Only Insurance?

Indemnity only