indemnify


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Related to indemnify: indemnify against

indemnify

[indem′nifī]
to protect against loss or injury by compensating for the loss or injury.

indemnify

verb To make good a loss.

indemnify

(ĭn-dĕm′nĭ-fī″) [L. indemnis, without loss]
1. To protect the interests of another party against losses.
2. To compensate another party for expenses incurred, as when a policy holder is indemnified by an insurance company.
References in periodicals archive ?
Appraiser shall indemnify and hold harmless the client, and its officers, agents and employees, for all losses, claims, liabilities and damages arising out of or as the result of any negligent act or omission by appraiser, or appraiser's employees, agents or subcontractors, in the performance of appraiser's professional services under this agreement.
Transocean also accepted the liability and agreed to indemnify BP for loss or damage to the drilling unit," the company said.
Some state statutes, for example, declare that any language in a building construction contract purporting to indemnify the contractor for his own negligence "is against public policy and is void.
The insurance policy provides that the insurer will indemnify the lessor/lessee [or use "insured" to be consistent with paragraph 31] for the loss (i.
An indemnification provision will not be effective unless the other party has the resources to fulfill its duty to indemnify and defend the association.
In that case, the policyholder had purchased liability insurance that included personal injury coverage and, in particular, obligated the insurer to defend and indemnify the policyholder against claims for malicious prosecution.
The board supports the bill, Assembly Bill 2941 (Koretz D-West Hollywood), if it will indemnify CalSTRS officials and managers for divestment decisions made while applying CalSTRS' new geopolitical risk investment policy in the Sudan.
Following adverse jury verdicts in civil suits brought by the victim's relatives, the city's insurer refused to indemnify the officer because the harm inflicted was "expected or intended.
Contractual provisions which may provide a purchaser with protection include representations and warranties of the seller as to the condition of the property and the former and current use of the property; an agreement by the seller to indemnify the purchaser for environmental conditions or violations of law existing prior to closing; and an escrow agreement if contamination has been identified but cannot be cleaned up prior to closing.
In the License Agreement, the Licensor agreed to indemnify and hold the Company harmless from and against any and all claims, damages, costs, judgments and liabilities of any kind or nature based upon or relating to the alleged contract between Ellingson and Johnson.
The insurance company agreed to indemnify the employee if certain stated events occurred.
Parent and Seller shall indemnify and hold harmless.