Definition of Inde
insurance that protects a company or individual from a financial loss or b
Examples of Indemnity in a sen
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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