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A hold harmless agreement protects business owners from being sued when someone suffers damage, bodily injury, or financial loss on business property or while a service is being provided.

Courts don't all agree whether this clause is valid because it prevents your family from suing the airline should there be an accident. If a hold harmless clause goes against the public interest, a court probably won't enforce it. Hold harmless agreements are usually ineffective if the other party was negligent.

Once the hold harmless agreement has been completed, simply have all parties sign and date to complete the document. Although not required, it is always a good idea to have the document notarized for extra protection.

Hold Harmless Agreements and Insurance Since a hold harmless clause is a legal contract, your insurance company may not pay for losses that occur as a result of your agreement. General liability policies often exclude workers' compensation claims.

The general answer is yes, that these documents signing away your right to sue for negligence are legally enforceable.The end result is that if you are injured after signing one, the hold harmless may not bar you from filing a lawsuit.

By signing a broad form hold harmless agreement you are possibly exposing your company to uninsurable risk. Contractual Liability Coverage for sole or gross negligent acts of your client is excluded is y most liability policies.As with all contracts, it is best to have legal counsel review prior to signing.

What Is a Hold Harmless Clause? The hold harmless clause is a statement in a legal contract that absolves one or both parties in a contract of legal liability for any injuries or damage suffered by the party signing the contract.