Why Independent Contractors Should Beware of Indemnity Clauses

As the gig economy expands, more companies are looking to independent contractors and freelancers to provide services on an as-need basis. While this is great news for independent contractors seeking a variety of flexible projects, making sure to read the contractor agreement carefully is essential. The section on indemnification, while becoming more ubiquitous, could wreck havoc on freelancers who fail to understand the very contract they are signing. The Indemnity Clause These clauses, usually buried deep within the contract, essentially tell an independent contractor that they will hold harmless the company in the event it gets sued, and even pay for all costs to defend and make financia

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