BlueSKy

You are here

Nonprofit’s cost of indemnification agreement is $700,000

Nonprofit’s cost of indemnification agreement is $700,000

Nonprofit’s cost of indemnification agreement is $700,000

he nonprofit Vermont Swim Association has been ordered to pay the City of Rutland $700,000 under the indemnification provision in the contract that allowed the Association to use a city park for its annual swim meet. The Association was ordered to pay the cost of the City’s settlement of a claim brought on behalf of a child who fell from playground equipment while attending the meet. The agreement provided that the Association would “defend, indemnify and hold harmless Rutland … from all claims for bodily injury or property damage arising from or out of the presence of [the Association], including its employees, agents, representatives, guests and others present because of the event or [the...

lock The full text of this article is available to paid subscribers only. Login or subscribe to read more

 

Sign-up for our weekly Q&A; get a free report on electioneering