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 ?
Is the duty to defend truly broader than the duty to indemnify if determination of the duty to defend is "strictly circumscribed by the eight-corners doctrine?
The broader message is that you should look carefully and comprehensively at your efforts to use your insurance policies to indemnify vendor liabilities.
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.
This restriction includes payments made by the corporation to indemnify its directors and officers for costs incurred in defending litigation.
It is also possible that your company could suffer a financial meltdown and be unable to indemnify you.
The CONTRACTOR%S obligation to protect, defend, indemnify, and hold
BP agreed to indemnify Cameron for claims other than fines, penalties or punitive damages.
Subcontractor shall indemnify and hold harmless contractor from all damages, losses, or expenses, including attorney's fees, from any claims or damages for bodily injury .
The true position is that MMI and Mr Willett, who is the Claims Director of MMI, were not seeking to avoid valid claims, but were fighting a court case to see whether they, or another insurer, were liable to indemnify local authorities which had paid out to victims of mesothelioma.
In an action for a judgment declaring that the defendant is required to defend and indemnify the plaintiff in a personal injury action entitled Marmolejo v Devox, Inc.
The coverage is triggered when a company is prevented by law from indemnifying its directors, fails or refuses to do so, or is unable to indemnify because it has Filed for bankruptcy.
Example 31 states that "the insurer will indemnify the lessor" while example 35 states "the insurer will indemnify the lessor/lessee.