Peterman v. Auto-Owners Insurance Co.

KENNEDY, Justice.

The plaintiff, L.L. Peterman, appeals from a summary judgment in favor of the defendants, Auto-Owners Insurance Company and William D. Sanford.

Auto-Owners sued Peterman, alleging that pursuant to an indemnity agreement allegedly signed by Peterman, he was individually liable to Auto-Owners for monies Auto-Owners had paid under a bond issued to C & P Construction Company (“C & P”), of which Peterman was the primary shareholder. Auto-Owners, as the surety on the bond, sought $37,634.12 in indemnity because C & P, the principal on the bond, had defaulted on the bond in this…