Indemnity provisions that provide for your entity to accept the risk of specified losses or damage the supplier may incur or suffer, can have significant legal, policy and financial implications. In many situations, you must obtain approval from a relevant delegate to provide indemnity to a supplier. An example of this type of indemnity is when booking a venue for a meeting, most venue contracts require the hirer (in this case the Commonwealth) to indemnify the venue owner for any damage to the premises caused by attendees at the function. You should seek legal and insurance coverage advice before giving an indemnity to the supplier.