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 …

In contract law, an indemnity is a contractual obligation of one party (the indemnitor) to compensate the loss incurred by another party (the indemnitee) due to the relevant acts of the indemnitor or any other …

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

4 days ago · Indemnity clauses are a common feature in many types of contracts, serving as a mechanism to allocate risk between the parties involved. Essentially, an indemnity clause is a …

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

Indemnity is a type of insurance that covers a wide range of damages and losses. In the indemnity clause, one party commits to compensate another party for any prospective loss or damage.

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 …

Dec 30, 2024 · Explore the meaning of indemnity, its various forms, and how it operates in contracts, insurance policies, and leases. Learn from historical contexts and FAQ.

Indemnity is a legal term that means one party agrees to protect another party from financial loss or damage. Essentially, if something goes wrong, the indemnifying party will cover the costs or losses …

Recompense for loss, damage, or injuries; restitution or reimbursement. An indemnity contract arises when one individual takes on the obligation to pay for any loss or damage that has been or might be …