Free Indemnity Agreement Template for Legal Protection
Download a professional indemnity agreement template to safeguard your business from potential liabilities. Ideal for real estate transactions, surety bonds, construction projects, and more.
Protect Your Business from Liability with a Simple Indemnity Agreement
An indemnity agreement is a legal contract in which one party agrees to compensate another for certain damages or losses. Often used in construction, real estate, and corporate settings, it’s a critical tool for managing risk and clarifying who is financially responsible if something goes wrong.
This free indemnity agreement template provides a clear structure for outlining the scope of indemnification, responsibilities of each party, and any exclusions or limitations. It's suitable for both individuals and businesses seeking to protect themselves from third-party claims or specific liabilities.
Whether you're issuing a surety bond, managing contractor work, or transferring property with a quitclaim, this document helps formalize your expectations and obligations. Fully editable and available in Word and PDF formats, it’s ready to use in minutes.
What Is an Indemnity Agreement?
An indemnity agreement is a binding contract where one party agrees to reimburse or protect another from potential losses, damages, or legal claims. It’s used to allocate risk between parties in business deals, construction, employment, and property transfers. This document outlines who is responsible for covering costs if something goes wrong.
When Should You Use It?
Indemnity agreements are common in high-risk or high-liability scenarios. You should use one when hiring contractors, issuing a surety bond, handling a quitclaim property transfer, or shielding directors or employees from personal liability. It clarifies financial responsibility and protects against unexpected costs.
What Should It Include?
A strong indemnity agreement includes: names of both parties, a detailed description of indemnified risks, exclusions or limitations, applicable jurisdictions, and a clause on legal costs or third-party claims. This template includes these key elements and is ready to customize for your industry or use case.
Indemnity vs. Hold Harmless vs. Insurance
Indemnity agreements cover loss reimbursement. Hold harmless agreements prevent legal claims in the first place. Insurance provides third-party risk transfer. This template focuses on indemnity, but can be adapted to include hold harmless language if needed.
Reduces Legal and Financial Exposure in High-Risk Situations
Indemnity agreements protect your business by clearly assigning responsibility for damages, accidents, or third-party claims. Without one, parties may argue over who is liable — leading to costly litigation. This document ensures that liability is assigned and understood upfront.
Customizable Indemnity Agreement Template with Risk Allocation Clauses
- Clause outlining indemnification scope and covered liabilities
- Fields for both parties’ names, roles, and signature blocks
- Optional exclusions section to limit certain claims or damages
- Jurisdiction and governing law clause for legal enforcement
- Ready-to-edit format for use in real estate, surety, and construction
Built for Contractors, Business Owners, and Risk Managers
You Might Also Like
Explore more policy templates relevant to this category.
Download Your Free Indemnity Agreement Template Now
Protect your business with a legally sound indemnity agreement. Whether you're issuing a bond, transferring property, or managing contractors, this free template ensures your liabilities are clearly defined — and your interests safeguarded.