MN SF924

Amends the definition of "indemnification agreement" to include the defense obligation, clarifying that indemnification means to indemnify, defend, or hold harmless another party against liability for bodily injury or physical damage.

Voids any contract provision requiring a party to provide insurance coverage for the negligence or intentional acts of other parties, including third parties, as against public policy.

Preserves the validity of provisions requiring workers' compensation insurance, construction performance or payment bonds, builder's risk policies, and owner or contractor-controlled insurance programs.

Allows insurance coverage requirements for the promisee's vicarious liability or warranty-imposed liability arising from the promisor's own acts or omissions.

Exempts building and construction contracts for work within 50 feet of public or private railroads, or railroads regulated by the Federal Railroad Administration, from the anti-indemnification restrictions.