Indemnification can mean that in policies written on an indemnification basis, the insurer...
indemnity contract
An indemnity contract is an agreement to pay on behalf of another party under specified circumstances.
Additional Information
An insurance policy is an indemnity contract.
Related Terms
To indemnify is to make compensation to an entity, person, or insured for incurred injury, loss, or...
The indemnitee is the person or organization that is held harmless in a contract (by the...
The indemnitor is the person or organization that holds another (the indemnitee) harmless in a...
Indemnity is compensation to a party for a loss or damage that has already occurred or to guarantee...
