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Indemnity
(redirected from Indemnity insurance)

   Also found in: Legal, Wikipedia, Hutchinson 0.03 sec.
Indemnity
A contractual agreement made between different parties to compensate for any damages or losses.

Notes:
Most commonly used in the wording of insurance policies, the company will indemnify the policy holder for any losses that are insured for.


Indemnity
A legal obligation to cover a liability, however arising.

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This follows a decision of the board of directors last August in an attempt to minimise NZNO's exposure to the risk of potential indemnity insurance claims.
Ms Iliffe also urged the health minister to consider providing indemnity insurance for midwives providing home birth services.
Everest Indemnity Insurance Company offers excess and surplus lines insurance in the U.
 
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