# EXAMPLE: DEED OF INDEMNITY
## Deed status and parties
This fictional deed is made on 16 April 2027 between Asterfield Instruments Limited and Sophie Grant. It is an indemnity, not insurance, and does not authorise an unlawful payment. Independent advice and the Companies Act 2006 should be checked.
## 1. Protected conduct
Asterfield gives Sophie a deed indemnity for liabilities reasonably incurred in good-faith performance of her director duties after 16 April 2027.
## 2. Covered loss and procedure
The indemnity covers defence costs, investigation costs and civil claims, provided Sophie gives prompt notice, preserves documents and permits the company to conduct a defence.
Sophie must give notice, mitigate loss and provide documents. Asterfield may assume conduct of a claim but must not settle an admission or obligation without Sophie's consent.
## 3. Exclusions and statutory limits
It does not cover fraud, wilful default, criminal fines, a personal profit, or loss recovered from insurance or another indemnity; no payment is made where prohibited by the Companies Act 2006.
The indemnity is secondary to valid insurance and does not cover a personal benefit. Nothing excludes fraud, criminal liability or a liability that law will not permit to be excluded.
## 4. Duration and survival
The protection continues after Sophie leaves office for claims concerning her period of service, and is executed as a deed with an independent witness.
The deed remains effective for claims notified within six years after service, subject to any shorter statutory limitation period and the duty to preserve evidence.
## 5. Law and execution as a deed
It is governed by England and Wales law. Sophie signs in the presence of an independent witness, who signs and gives a name and address; Asterfield executes through its authorised signatory.
Sophie: ____________________ Witness: ____________________
For Asterfield: ____________________ Date: 16 April 2027