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What is a counter indemnity?

counter indemnity
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What is a counter indemnity?

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A counter indemnity is a legal agreement which entitles Zurich, as guarantor of your surety bonds, to be reimbursed in the event that we have to pay any claims under the bonds we have issued on your behalf. A counter indemnity reinforces our common law and statutory recourse rights against the company for whom we issue bonds and for its group.

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