Section 11.23 Economic Impact of Hold Harmless and Indemnification Provisions

• Library: Construction Law 2016 Supp

1. (§11.23) Economic Impact of Hold Harmless and Indemnification Provisions

There is usually no dollar limitation in these provisions. But professional liability insurance usually has a dollar limit, and the design professional’s premiums go up as his or her loss experience increases. Inclusion of this language in the contract can make the design professional the guarantor...