FASA News Release: Attorney Lee Brumitt Examines 'Indemnity and Hold Harmless' in New FASA Video-on-Demand
American Subcontractors Association feed
Release Date: 01/11/2018
ALEXANDRIA, Va.—The most important contract issue facing subcontractors is the extent to which risks inherent in the construction process—property damage, personal injury, liquidated damages, design or construction defects, etc.—are transferred from the upper tiers to subcontractors.
“Risk transfer” to lower tiers is accomplished in many ways. Contract provisions by which a subcontractor agrees to indemnify and hold a general contractor, owner, architect, or other third party harmless are the primary methods by which risks are transferred.
In the new video-on-demand, “Indemnity and Hold Harmless,” by the Foundation of the American Subcontractors Association, attorney Lee B. Brumitt, Dysart Taylor Cotter McMonigle & Montemore, P.C., Kansas City, Mo., discusses indemnification and hold harmless provisions, how subcontractors can limit exposure to such provisions, how state laws may impact such provisions, and the key issues involved in assuring that subcontractors have adequate insurance coverage to absorb risks they might agree to assume.
“Indemnity and Hold Harmless” (Item #8118) is $65 for ASA members and $95 for nonmembers. This and other on-demand videos are available through FASA’s Contractors’ Knowledge Depot.
FASA was established in 1987 as a 501(c)(3) tax-exempt entity to support research, education and public awareness. Through its Contractors’ Knowledge Network, FASA is committed to forging and exploring the critical issues shaping subcontractors and specialty trade contractors in the construction industry. FASA provides subcontractors and specialty trade contractors with the tools, techniques, practices, attitude and confidence they need to thrive and excel in the construction industry.
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