Don’t get blamed for an accident you didn’t cause.
If someone is performing services for you (a contractor) or using your property (a tenant), it is possible you could be held legally liable for their negligent actions. A hold harmless-indemnification agreement allows you to limit your legal liability in these situations and is recommended for most business relationships and agreements. Additionally, it is recommended you require people you do business with provide proof of liability insurance and name you additional insured on their liability policy.
Disclaimer: The Wheeler Agency recommends business owner utilize hold harmless/indemnification agreements in contracts, but we do not provide legal advice.