What is the Counter Indemnity Agreement?
A. QBE Deposit Bonds are issued on the understanding that your client will pay the vendor the Deposit Bond amount on the settlement date of the contract. The Counter Indemnity Agreement is part of the application form. It is a legally binding right your client gives QBE Insurance to pursue recovery against them for any part of the Deposit Bond amount that must be paid to the vendor if your client defaults under the Contract of Sale.
