The defendant, Philips, argues in support of its Motion to Strike that its contract of indemnity was one indemnifying it against liability and since it became "liable" at the commencement of this lawsuit, August 17, 1990, its claim of indemnification was well within the Statute of Limitations. The question is both what were the terms of the indemnification agreement and when did the defendant, Philips, become "liable".
There are two kinds of indemnity agreements. "[S]uch contracts can be broadly classified as those which indemnify against liability and those which indemnify against loss." "In the former, the cause of action arises as soon as the liability of the indemnitee is incurred; in the later, the cause of action arises CT Page 5191 when the indemnitee has actually incurred the loss." Fairfield v. D'Addario,
/s/ Pellegrino, J. PELLEGRINO
