Theo Abrams
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Feb 25, 2024 · Indemnity is a form of insurance or legal agreement that compensates one party for losses or damages caused by another. Learn about different types of indemnity, how it works, and its historical applications.
Indemnity is a noun that means protection against possible damage or loss, or the money paid if there is such damage or loss. Learn how to use it in different contexts, such as insurance, law and government, and see translations in other languages.
Apr 2, 2020 · Learn what indemnity clauses are, how they allocate risks between contracting parties, and how to draft them. Find out the benefits, examples, and tips for indemnity clauses in Singapore contracts.
Learn the meaning of indemnity as a noun or an adjective, with synonyms, examples, and word history. Find out how indemnity is used in insurance, legal, and medical contexts.
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 party.
Feb 26, 2024 · Indemnity insurance is a policy that compensates an insured party for damages or losses up to a certain limit. Learn how it works, who needs it, and what types of indemnity insurance exist, such as malpractice, professional, and hospital indemnity.
Indemnity is commonly used in legal contracts to secure protection against being sued or being held responsible for an accident. It’s often seen in the phrase indemnity clause. The verb form of indemnity is indemnify, which means to provide such protection or security, typically in the form of insurance.
