Legal & Compliance
Waiver of Subrogation
Definition
An endorsement in which the insured gives up the right of their insurance company to seek recovery from a third party responsible for a loss. Often required in contracts between businesses, landlords, and tenants.
In Zach’s Words
“Remember subrogation — where your insurance goes after the responsible party? A waiver of subrogation says 'we promise not to do that.' It comes up constantly in business contracts. Your landlord might require it, a general contractor might require it. It means if something goes wrong, your insurance pays and doesn't point fingers.”
— Zach Nadler, CIO