Contracts and Indemnification: Appellate Court Clarifies What’s Needed for Indemnification to be a Valid Part of a Contract

Case Background Plaintiff-Appellant AXIS Insurance Company specializes in insurance policies for the entertainment industry, including professional sports teams. In 2008, AXIS contracted with Defendant-Appellee American Specialty to “accept proposals for insurance, negotiate, underwrite and accept insurance coverages on [AXIS’s] behalf….” Id. at 828. The contract further provided that if American Specialty acted negligently as to any of […]