indemnity in a sentence
n.
📚 Grade Level: Grade 10, Grade 11, Grade 12
Definition
Indemnity refers to a contractual obligation or insurance protection that compensates for loss or damage, shielding one party from financial liability.
Crossword clues for indemnity
Crossword clue ideas and answer hints for the word "indemnity".
- Compensation for loss or damage in a contract.
- Protection against financial liability in agreements.
- Insurance coverage for potential losses incurred.
- Reimbursement for damages as per a policy.
- Safeguard against monetary loss in legal matters.
Indemnity sentence examples
- The contractor offered an indemnity clause in the contract to protect against potential damages.
- Many businesses seek indemnity insurance to safeguard their assets in case of lawsuits.
- The indemnity provided by the insurance policy covered all legal fees incurred during the trial.
- As part of the settlement, the company agreed to provide indemnity for any future claims related to the incident.
- The law firm explained the importance of having indemnity provisions in client agreements to mitigate risks.