Common use of Broker Indemnification Clause in Contracts

Broker Indemnification. The Broker agrees to defend and indemnify American Specialty, its parents, subsidiaries, affiliates, successors and assigns, and the shareholders, directors, officers, agents and employees of any of them (collectively the “American Specialty Indemnitees”), against and in respect of any and all claims (not including covered claims made under any policy properly issued in accordance with this Agreement), demands, actions, proceedings, liability, losses, damages, judgments, costs and expenses, including, without limitation, attorneys’ fees, disbursements, court costs, and punitive, exemplary, or compensatory damages, suffered, made or instituted against or incurred by American Specialty lndemnitees, or any of them, and which directly or indirectly arise out of or relate to (i) negligence of the Broker or its employees or representatives, in discharging their obligations to American Specialty or to policyholders, (ii) failure by the Broker or its employees or representatives to comply with any applicable information privacy laws, and/or (iii) any failure by the Broker or its employees or representatives to perform their obligations under or relating to this Agreement.