Definition of Indemnity

insurance that protects a company or individual from a financial loss or burden

Examples of Indemnity in a sentence

After Janet received several speeding tickets, the cost of her indemnity insurance skyrocketed.  🔊

The indemnity policy will protect the doctor in case of a malpractice suit.  🔊

The criminal’s deal with the prosecutor was his indemnity from a lengthy prison sentence.  🔊

Because the diamond is worth millions of dollars, the owners have a huge indemnity plan to cover its value.  🔊

The insurance company will cancel your contract if there are too many claims made on your indemnity policy.  🔊

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