Say I rent a crane from you. In the course of renting the crane to put new air conditioning units on the top of my building, there is an accident and the crane causes damage to a nearby building.
If the owner of the damaged building sues you, the renter, to recover money to repair the building, the indemnification clause(s) in the crane rental agreement would state something along the lines that I, the renter of the crane, would cover any costs from the lawsuit and "hold you harmless".
If the owner of the damaged building sues you, the renter, to recover money to repair the building, the indemnification clause(s) in the crane rental agreement would state something along the lines that I, the renter of the crane, would cover any costs from the lawsuit and "hold you harmless".