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This Indemnity Agreement, Dated as of , , is Made by and Form

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[Music] surety bond indemnity agreements can be confusing to help insurance agents better understand this unique surety bond concept we've put together this video explaining what is indemnification what are indemnity agreements and why do surety companies require indemnity agreements in the first place indemnification is the legal requirement for principals to repay to the surety company all losses sustained as a result of valid bond claims all surety bonds are subject to indemnification so even though your customer pays premium on their bond they are not exempt from repaying the surety for losses incurred due to valid bond claims on the other hand indemnity agreements are the actual contracts signed by the principal that dictate the terms for indemnification indemnity agreements vary depending on the bond size type of bond and volume of bonds the principal may need and your customer may need to sign different types of indemnity agreements depending on these factors for corpora

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