Sep 18, 2025 · Indemnity is a contractual agreement, commonly found in insurance policies, in which one party agrees to compensate the other for potential losses or damages in exchange for premium …

What is Indemnity? The word indemnity means security or protection against a financial liability. It typically occurs in the form of a contractual agreement made between parties in which one party …

Jan 17, 2025 · Indemnity is an important element of contracts because it is designed to punish a party who breaches the contract. Learn about the different types of indemnity and why they're essential.

The meaning of INDEMNITY is security against hurt, loss, or damage. How to use indemnity in a sentence.

Aug 31, 2025 · Indemnity is a fundamental legal principle providing protection against potential financial loss or damage. It represents a commitment by one party to compensate another for specific losses …

Indemnity is protection or security against damage or loss, or compensation for damages or money spent. Insurance coverage provides indemnity to a person (or organization) by insuring them for …

INDEMNITY definition: 1. protection against possible damage or loss, especially a promise of payment, or the money paid…. Learn more.

Jan 19, 2025 · Indemnity refers to compensation or payment for losses or damages, typically as part of a contractual agreement or insurance policy between two parties—the insurer and the insured—in …

Dec 30, 2024 · Indemnity, as previously explained, is an insurance or agreement between two parties where one party agrees to compensate the other for potential losses or damages caused by the first …

Dec 5, 2025 · Indemnity insurance is a policy that reimburses professionals and business owners for unexpected damages or losses.