indemnify


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Related to indemnify: indemnify against

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 ?
The Defendant had refused to indemnify the Claimant and rejected to pay any amounts under the Policy for the following main reasons:
2.515(a)(4) to provide that when an attorney signs a document that is to be filed, including by electronic signature, "the attorney agrees to indemnify the clerk of court for damages for any inadvertent release by the clerk of confidential information contained in the document that was not: (i) minimized by the attorney as required by Rule 2.425, or (ii) specifically identified by the attorney pursuant to the notice requirements of Rule 2.420(d)(2), or (iii) not specifically identified by the attorney in a motion filed pursuant to the procedures set forth in Rule 2.420 subdivisions (e), (f) or (g)...."
While it is universally accepted that the duty to defend is broader than the duty to indemnify, jurisdictions differ as to what information can be used to determine that duty.
American Guarantee took the position that, under Lang and Servidone, an insurer that breached its duty to defend was permitted to rely upon exclusions applicable to its duty to indemnify so long as the insurer did not challenge the findings from the underlying judgment.
If a component will be integrated into a larger product, the part manufacturer may ask the customer to indemnify it from damages arising from use of the integrated whole.
Muscat: bank muscat announced today its insurers have agreed to indemnify the bank's loss in the sum of OMR15 million ($38.8 Millions) in relation to the pre-paid card fraud incident, initially disclosed on MSM on February 25, 2013.
This can happen when a company becomes insolvent, wrongfully refuses to indemnify, or is otherwise prohibited from indemnifying directors and officers.
ISLAMABAD -- National Assembly (NA) Wednesday approved a resolution presented by law minister Farooq H Naik to indemnify steps taken by former premier Syed Yusuf Raza Gilani.
Per WesCorp Policy 21, the corporate had agreed to indemnify current and former officials and employees " to the maximum extent permitted by either the laws of the state of California or the Model Business Corporation Act for any liability asserted against them in connection with judicial or administrative proceedings, formal or informal," the court documents state.
A federal judge said BP must indemnify Transocean for some compensatory damage claims over the 2010 Gulf of Mexico oil spill.
policy's definition of 'loss?" This court pronouncement turns on its head the age-old principle that the duty to indemnify is narrower than the duty to defend, which is followed by the majority of jurisdictions.