verb to compensate for loss, damage, or injury; to secure against legal liability
In real estate transactions, 'indemnify' is used to ensure one party is protected from potential legal claims or liabilities related to the property.
In legal contexts, 'indemnify' is used to refer to the act of protecting someone against potential harm, loss, or damages.
In finance, 'indemnify' is used to indicate the provision of financial protection or security against potential risks or liabilities.
In the insurance industry, 'indemnify' is used to describe the process of compensating someone for a covered loss or damage.
In business contracts, 'indemnify' is used to specify the responsibilities of parties to compensate each other for losses or damages.
Writers may be required to indemnify their publishers against any claims of copyright infringement or defamation that may arise from their work.
Psychologists may need to indemnify themselves against malpractice claims by obtaining professional liability insurance.
Financial advisors may need to indemnify their clients against any losses incurred due to their investment recommendations.
Contractors may be required to indemnify property owners against any damages or injuries that occur during construction projects.
Lawyers may need to indemnify their clients against any legal malpractice claims that may arise from their representation.