noun, plural in·dem·ni·ties.
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Origin of indemnity
OTHER WORDS FROM indemnityan·ti-in·dem·ni·ty, adjectivepre·in·dem·ni·ty, noun, plural pre·in·dem·ni·ties.
Words nearby indemnity
What does indemnity mean?
Indemnity is protection or security against damage or loss, or compensation for damages or money spent.
Insurance coverage provides indemnity to a person (or organization) by insuring them for certain potential situations, such as damages to their property from natural disasters or accidents. Indemnity is commonly used in legal contracts to secure protection against being sued or being held responsible for an accident. It’s often seen in the phrase indemnity clause.
The verb form of indemnity is indemnify, which means to provide such protection or security, typically in the form of insurance.
Outside the context of insurance, indemnity is sometimes used in a metaphorical way to mean protection, as in Your wealth does not provide indemnity from disease.
Example: The whole purpose of car insurance is so that you have indemnity in case you get into an accident—buying insurance after an accident happens won’t cover you.
Where does indemnity come from?
The first records of indemnity come from the 1400s. It comes from the Latin indemni(s), meaning “without loss” or “uninjured.” This is formed from the prefix in-, which has a negating effect equivalent to un-, and demn-, from damnum, meaning “loss.”
Indemnity is most commonly used in the context of insurance and legal contracts. Insurance coverage gives the policyholder indemnity, meaning it protects against financial liability for damages or loss. Damages refers to those that happen to a piece of property like a car or house, or to injuries suffered by a person. Loss refers to things like the loss of income one might experience because they can’t work. If a person is indemnified for these things, they get compensated for (at least part of) the money lost or spent.
In corporate law, an indemnity agreement can indemnify a company’s executives against personally being sued if the company is sued.
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What are some other forms related to indemnity?
What are some words that share a root or word element with indemnity?
What are some words that often get used in discussing indemnity?
How is indemnity used in real life?
Indemnity is most commonly used in a technical way in the context of insurance and legal contracts, but it is sometimes used in a metaphorical way.
Tomorrow we will be launching our first podcast episode on General Practice Indemnity. We're joined by Keira Moulds, Head of Primary Care @NHSEngland to look at what the Clinical Negligence Scheme for General Practice means for beneficiaries. #GPIPodcast #ClinicalNegligence pic.twitter.com/5LZ2Y2s5AN
— NHSResolution (@NHSResolution) May 13, 2020
Agreement has been reached to allow redeployment of home carers to Nursing Homes – announced almost 4 wks ago. HSE has been working to resolve indemnity. Understood that Nursing Homes will extend indemnity once secondment agreement & employee declarations are signed @rtenews
— Ailbhe Conneely (@AilbheConneely) April 29, 2020
An in-depth look at the big source of Harry & Meghan’s funding: Prince Charles’ “private” estate — it enjoys sweeping tax relief, indemnity from laws that apply to others & extraordinary rights to be consulted on any legislation that affects its interests. https://t.co/3sH1vmg3qv
— Jane Bradley (@jane__bradley) January 26, 2020
Try using indemnity!
Is indemnity used correctly in the following sentence?
This coverage provides indemnity for flooding.
Example sentences from the Web for indemnity
But in the end Piedmont paid Austria an indemnity of seventy-five million francs.The Patriot|Antonio Fogazzaro
I have told M. and M. that I won't be satisfied with indemnity, but an offer must be made.Memoirs of the Life of Sir Walter Scott, Volume I (of 10)|John Gibson Lockhart
No indemnity was paid, and the Venetian garrison marched proudly out of Candia unsubdued.Venice and its Story|Thomas Okey
It seemed that there would be little difficulty in recovering the indemnity demanded from Sawlapaw.The Pacification of Burma|Sir Charles Haukes Todd Crosthwaite
But there was no time to lose; General von Roeder had allowed only four-and-twenty hours for the payment of the indemnity.The Prussian Terror|Alexandre Dumas