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Many companies that contract the services of your company will insist you have a Waiver of subrogation clause in your insurance policy. All Insurers have a right to recover the cost of a claim that is paid out when another party is responsible for some, or all of the claims. In the oil and gas sector you will most likely be required to have a clause in your policy whereby your Insurer 'waives' (agrees to not enforce) these rights.

Our advice about these agreements

You should only sign Waiver of Subrogation where all contracting parties agree to provide the same Waiver of Subrogation to each other and all parties to any contract.

A Hold Harmless agreement can be specifically requested by companies who contract the services of your company. It means the company that hires you or your firm cannot be held responsible for any injuries, losses or damages that may be caused to you or your company.

Effectively the company are asking you to accept all risks that are associated with you carrying out your contract, and they will not be held legally or financially responsible.

Our advice about these agreements

You should only sign Hold Harmless Agreements where all contracting parties agree to provide the same Hold Harmless to each other and all parties to any contract.

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