Indemnification
noun
The act of compensating someone for loss or damage.
The insurance policy provides you with indemnification for loss or damage to your car.
Often appears as...
- provide indemnification
- seek indemnification
Usage tips
Formal
Technical
noun
A promise to pay someone's costs if they are sued because of their relationship with you.
The board members have indemnification agreements that protect them from personal liability.
Often appears as...
- indemnification agreement
- indemnification rights
Usage tips
Formal
Technical
noun
The act of compensating someone for loss or damage.
The insurance policy provides you with indemnification for loss or damage to your car.
Often appears as...
- provide indemnification
- seek indemnification
Usage tips
Formal
Technical
noun
A promise to pay someone's costs if they are sued because of their relationship with you.
The board members have indemnification agreements that protect them from personal liability.
Often appears as...
- indemnification agreement
- indemnification rights
Usage tips
Formal
Technical
Definition 1 of 2
Pro Tip 1/3Insurance Focus
Indemnification often relates to insurance where it describes being compensated for a loss or damage.
The policy offers indemnification to homeowners impacted by natural disasters.
Pro Tip 2/3Legal Protection
Indemnification can also apply in legal contexts to protect a party from liability or financial loss.
Under our contract, the supplier must provide indemnification if their product causes harm.
Pro Tip 3/3Loss Recovery
The term suggests a sense of restoring or recovering from a loss, not just a simple payment.
The indemnification I received helped rebuild my store after the fire.
Pro Tip 1/3Insurance Focus
Indemnification often relates to insurance where it describes being compensated for a loss or damage.
The policy offers indemnification to homeowners impacted by natural disasters.
Pro Tip 2/3Legal Protection
Indemnification can also apply in legal contexts to protect a party from liability or financial loss.
Under our contract, the supplier must provide indemnification if their product causes harm.
Pro Tip 3/3Loss Recovery
The term suggests a sense of restoring or recovering from a loss, not just a simple payment.
The indemnification I received helped rebuild my store after the fire.
Pro Tip 1/3Insurance Focus
Indemnification often relates to insurance where it describes being compensated for a loss or damage.
The policy offers indemnification to homeowners impacted by natural disasters.
Pro Tip 2/3Legal Protection
Indemnification can also apply in legal contexts to protect a party from liability or financial loss.
Under our contract, the supplier must provide indemnification if their product causes harm.
Pro Tip 3/3Loss Recovery
The term suggests a sense of restoring or recovering from a loss, not just a simple payment.
The indemnification I received helped rebuild my store after the fire.
Compare with
compensationpaymentredressreimburseremuneratereparationrestitutionrestoration
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