Fast answerA contractual allocation of responsibility for specified claims, losses, liabilities or costs.
Why it matters
Its scope can extend beyond insurance and survive lease expiry.
What to request
Review parties, covered events, exclusions, causation, limits, insurance interaction and survival with legal counsel.
Planning example
Do not treat indemnity and insurance as interchangeable. The example organizes arithmetic or evidence only; the transaction documents and facts determine the result.
Related decisions
Connect this term to the area, cost, building, flexibility and document provisions elsewhere in the office decision file.
Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.