By
John Sadler, Sadler & Company, Inc.
Part II
This is Part II of a 2 part series about the importance of indemnification in facility lease agreements. An authority in the field of sport insurance, John explains another form of indemnification and suggested insurance requirement.
Broad Form Indemnification/Hold Harmless Provision
The third option (Broad Form) is not equitable to the sports/recreation organization and may be contrary to state law in some states as it can be considered to be against public policy and “unconscionable”. This option requires the sports/recreation organization to accept responsibility for …
By
John Sadler, Sadler & Company, Inc.
Part I
This is Part I of a 2 part series about the importance of indemnification in facility lease agreements. An authority in the field of sport insurance, John discusses why indemnification is important to the facility operator and explains two forms of indemnification. In Part II he will explain another form of indemnification and suggested insurance requirement. Part II will appear next week.
Sports/recreation organizations (ex: teams, leagues, tournament hosts, camps, individual instructors, gymnastics studios, martial arts studios, hunt clubs, etc.) often lease outdoor or indoor …
By Doyice and Mary Cotten
Certainly the term “risk management” is not a common, household term in Old Delhi. This article and photos discuss and illustrate some of the risks faced in the daily lives of Indians living in and visiting Old Delhi. Old Delhi is the oldest and most colorful section of the vibrant city of Delhi. These photos are meant to depict some of the hazards faced by locals and visitors to the city.
I snapped Photo 1 one afternoon while riding in a bicycle rickshaw. We have seatbelt laws …
By Doyice and Mary Cotten
When one thinks of Nepal, one’s first thoughts are of the Himalayas, but most people live in a long valley through the middle of the country. Risk management may not be an unknown term there – but it could certainly be put into practice more frequently.
On our recent visit, we found two major risks – the traffic on the streets and highways and the air pollution that blankets the valley, particularly in Kathmandu. We had no mishaps with the traffic, but did suffer from respiratory problems …
By Doyice J. Cotten
This article first appeared in the January, 2007, issue of Fitness Management under the title “What Risk Management Means.”
It is time to take a broader look at the term “risk management.” It is a term everyone uses, but is misused, both in practice and in print. Here are some thoughts I would like to share with you.
Too often, owners and managers of fitness centers consider risk management to be an “advanced safety” procedure, but it is much more than just safety. Risk management is an organized plan …