Assumption of risk

This is the clause on the trial membership i got a week ago:

ASSUMPTION OF RISK: The use of the facilities at (name of company) and (copyright) services involves inherent risk of injury whether you or someone else causes it. As such, you understand and voluntarily accept the risk and agree that (name of company) will not be liable for any injury, without limitations, personal, bodily or mental injury, economic loss or any damage to you resulting from the negligence or other acts of (name of company) or anyone else using the facilities. If there is any claim by anyone based on any injury, loss or damage described here, which involves you, you agree

1) defend (name of company) against such claims and pay for all expenses relating to the claim and
2) indemnify (name of company) all liabilities to you, or anyone else from such claims.

By signing it below, you agree to all terms of this agreement and acknowlegde you received a complete copy of it.

So what does this means?

If you use their equipments and there was a screw loose and the weights fall onto a poor innocent victim, you`re pretty much FUCKED!