Indemnification and Contractual Liability

Legal liability can be defined as an obligation, created by law, which creates a duty upon a person or entity to act or refrain from acting in a particular manner. Breach of that duty exposes the responsible party to financial loss if that breach results in injury or damage to another party.

This course addresses how to limit an organization's liability to third parties as a result of unintentional injury or property damage by using contractual “risk transfer.” Risk transfer, a widely used risk management tool, is triggered by indemnification and hold harmless agreements, and this course describes and clarifies the obligations and benefits they impose.

TARGET AUDIENCE
Business Owners, Executives, Risk Managers, and Insurance Professionals

TIME TO COMPLETE
105 minutes

PURPOSE
To address the benefits and risks of indemnification and hold harmless agreements.

FORMS INCLUDED

• Insurance Requirements

ACCREDITATION
HRCI
This program has been approved for 1.75 recertification credit hours toward PHR, SPHR, and GPHR recertification through the Human Resource Certification Institute (HRCI). For more information about certification or recertification, visit the HRCI homepage at www.hrci.org.

The Florida Bar
The Florida Bar's Board of Legal Specialization and Education has accredited this course for 2.0 General Continuing Legal Education (CLE) credits. For more information about CLE credits, visit The Florida Bar homepage at www.floridabar.org.

The State Bar of Georgia
The State Bar of Georgia has accredited this course for 2.0 Regular Continuing Legal Education (CLE) credit hours. For more information about CLE credits, visit The State Bar of Georgia homepage at www.gabar.org.