If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

In the field of insurance, the principle of indemnity is to restore the insured to the same financial condition as before a loss. With workers' comp, indemnity describes payments made to an injured or ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

The indemnification clause is one of the most important provisions in a construction contract. It transfers risk from one party, the “indemnitee,” to another party, the “indemnitor.” The risk is ...

With a market cap of $12.9 billion, Erie Indemnity Company (ERIE) serves as the managing attorney-in-fact for the subscribers of the Erie Insurance Exchange. The company provides a wide range of ...

The U.S. government has shut down because Democrats and Republicans disagree on how much taxpayers should subsidize premiums.

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Indemnity insurance is a policy that reimburses ...

Indemnity insurance is a foundational component of modern risk management strategies, protecting individuals and organizations against the financial consequences of liability. This form of insurance ...