Contracts are signed in business every day. Contracts can include property lease agreements, equipment lease agreements, service agreements, and employment contracts. It is an important part of your business insurance and risk management program to review all contracts prior to signing. We always recommend that you have an attorney review contracts to make sure that they comply with all state regulations.
Hold harmless -- A hold harmless agreement requires you to hold another party harmless for your actions. While this may be appropriate in some situations, we recommend you review this against your business insurance. Your business insurance may have coverage limitations depending on the hold harmless language. If you must indemnify the other party, limit the indemnification as much as possible. Negotiate the same indemnification for yourself. An attorney can also help you understand unintended consequences that might arise from using, or agreeing to, a particular clause.
Disputes provisions are often part of all contracts. Make sure that the provisions state that any dispute will be managed and settled in your state of operation.
Confidentiality agreement. Many times you may be providing confidential information about your business or customers. Consider including a provision requiring them to keep the information confidential and to secure the information in a manner consistent with applicable federal and state laws.
Commercial or business insurance requirements should be included in every contract. If there is going to be any on-site work completed, make sure the agreement includes workers’ compensation insurance as well.
At Leap / Carpenter / Kemps, Merced County’s largest locally-owned agency, we have an experienced staff of professionals who understand that each business is unique and that the one-size-fits-all approach just doesn’t work. Our agents have access to more carriers and more plans, and that means that they have more options to create the best possible combination of coverage to minimize your risks and lower your costs.
LCK Insurance Agency is one of California's most prominent independent insurance agencies. They offer commercial business insurance, employee benefits, life & health insurance, and personal insurance.
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Leap | Carpenter | Kemps Insurance Agency provides Commercial Business Insurance, Employee Benefits, Life and Health Insurance, and Personal Insurance to all of California, including Merced, Atwater, Los Banos, Mariposa, Madera, Fresno, Modesto, Turlock, and Stockton.
CA License Number 0646081 | Licensed to do business in California, Arizona, Hawaii, Idaho, Montana, Nevada, North Carolina, Oklahoma, Oregon, Virginia, West Virginia and Washington.