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Vendor agreements with "hold harmless"

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DWiley said:
I don't see anything new or earth shattering in those comments.
...the policy issued to you by Liberty would not provide coverage to AppraisalPort (FNC, Inc.), or any of your clients pursuant to an indemnity or hold harmless agreement that you may have signed. Further, the policy would not provide any additional coverage to you for any added expense or obligation which you incur as a result of such an agreement.
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My E&O insurance will not cover FNC or any of my clients. No suprise there. It is my E&O policy; it covers me, not my clients.

My E&O insurance will not provide additional coverage for things related to the agreement. Again, no surprise there. My E&O covers errors on my part, not business agreements.
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Mr. Wiley,

With respect, read my post number 35 in the other thread. This two threads on this is like ping pong and I am getting dizzy.

http://appraisersforum.com/showthread.php?p=1668552&posted=1#post1668552

Webbed.
 
To All,

Like I posted in my post #35 over here......http://appraisersforum.com/showthread.php?p=1668552&posted=1#post1668552

Ask the right questions. Is it voiding your E&O, or simply not having any sort of insurance at all, even if E&O is enforce, for an event that could literally bankrupt most appraisers in one fell swoop?

Signing a one-sided contract with indemnification and hold harmless clauses, that the other party refuses to negociate into a contract with balancing clauses for both parties to the contract, is signing a deal with the Devil. Don't complain later when he comes to collect.

Webbed.
 
Wow, after comprehending the depth of such a clause, what *******s! Excuse my french....
 
Mr. Wiley: Have you signed AP's "agreement"?
 
Not only ALL suppliers as well, but ANY act or ommission

SUBSCRIBER shall indemnify AP and its suppliers (whether of Information or otherwise), defend and hold them harmless from and with respect to any liability, damages (including without limitation any consequential, incidental, general, special or exemplary damages), losses, or claims which may arise, whether now or in the future, with regard to


  1. the use of AP or any aspect or service thereof, or
  2. the accuracy, authenticity, or completeness of the Information, or
  3. any aspect of the operation of SUBSCRIBER's business in relationship with or in connection with AppraisalPort or SUBSCRIBER's use of the Information or software, whether any such liability, damages, loss, or claim arises from any act or omission of AP (including its sole ordinary or gross negligence) or act or omission of any supplier of data to AppraisalPort (including their sole ordinary or gross negligence).
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Please note how both "acts" and "data" are undefined. After everything said by others on the forum in the two threads, what I have posted and the links to articles that explain indemnification and hold harmless, I only have two questions.


Who still does not understand what the above means, and who is going to sign anything similar to the above?


Webbed.
 
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