This Risk Byte offers insights into the risks linked to ‘good neighbor’ agreements and underscores the importance of having sufficient insurance for both you and your shared-resource neighbors.
Good Neighbor Agreements- A good neighbor agreement describes the situation where operators with a close working relationship arrange to borrow or lend equipment, vehicles and staff for a certain period.
- These agreements are beneficial for the borrower and the lender.
- They are usually reciprocal...
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