The Indiana Parental Indemnity Agreement is a contract between a parent or legal guardian and a school district in the state of Indiana. This agreement provides the school district with assurance that the parent or legal guardian will be financially responsible for any damages caused by their child while on school property or while participating in school-sponsored activities. The agreement also ensures that the parent will not be legally liable for any acts or omissions of the student on school property or during school-sponsored activities. There are two types of Indiana Parental Indemnity Agreement: the Standard Agreement and the Limited Agreement. The Standard Agreement provides a broad indemnity, which covers all damages caused by the student on school property or during school-sponsored activities. The Limited Agreement is more specific and provides a narrower range of indemnity, covering only specific types of damages that are specified in the agreement.