A peer-to-peer car sharing company is responsible for any equipment, such as a global positioning system, that is put in or on the shared vehicle to monitor or facilitate the car sharing transaction. The company shall indemnify and hold harmless the shared vehicle owner for any damage to or theft of such equipment during the car sharing period, unless caused by the vehicle owner. The company has the right to seek indemnification from the shared vehicle driver for any loss or damage to such equipment that occurs during the car sharing period.

Terms Used In Connecticut General Statutes 13b-127j

  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC