1. protection or security against damage, loss, or legal liability
2. compensation for damage, loss, or injury suffered
Usage: legal

Examples

• The insurance policy provides indemnity against fire damage.
• The company sought indemnity from potential lawsuits.
• Professional indemnity insurance protects doctors from malpractice claims.
• The contract included an indemnity clause to protect both parties.
• The court ordered the defendant to pay indemnity for the plaintiff’s losses.
• Directors and officers insurance offers indemnity for corporate executives.
• The manufacturer provided indemnity to retailers against product defects.