WordLens

indemnity

1 of 1noun
/ɪnˈdɛmnɪti/
Forms:indemnities
1

an amount of money that must be paid to someone for a loss, injury, or damage

  • The contractor will be responsible for paying indemnity if any property is damaged during construction.
  • After the accident, the driver received an indemnity to cover the costs of his medical treatment.
  • The insurance policy provides indemnity for any damage caused by a natural disaster.
  • The court ordered the defendant to pay an indemnity to the victims for the damages caused during the protest.
  • The company offers indemnity to employees who suffer injuries while on the job.
Synonyms:
damagesindemnificationrestitutionamendsredress
2

exemption from legal accountability

  • By signing the agreement, the consultant receives indemnity from any lawsuits related to the project.
  • The new policy will offer indemnity to employees, shielding them from legal consequences for decisions made within the scope of their work.
  • If the indemnity clause is enforced, the corporation will be absolved from any liability in the event of an accident.
  • The contract includes a clause that provides indemnity, protecting the company from legal action by its partners.
  • The agreement granted the company indemnity from any claims arising from its subcontractors' mistakes.
3

protection against future loss

Synonyms:
insurance