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The word indemnify means to protect and compensate one for damage or loss. It is used in terms of insurance and companies have to indemnify their customers.
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∙ 11y ago
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Can you give a sentence for the word indemnify?
I returned my awful Christmas gifts to the store and was indemnified.
What is another word for insurance?
please give another word that we can use instead of insurance
What does defend mean in the phrase indemnify defend and hold harmless?
It is a legal term which covers who pays for what in the event of litigation. In a construction contract setting, generally, the owner will require the contractor to indemnify, defend and hold them harmless in the event of a claim attributable to the work. Separately they mean: Indemnify - reimburse costs for defense of the claim Defend - control the defense of the claim Hold Harmless - agreement to not hold the owner liable for costs the contractor incurs as a result of defending the claim
What does indemnifies mean?
I believe to indemnify means to hold harmless in the event of a problem. Actually almost the opposite...it means you will be responsible for and pay for the damages or hurt/costs suffered. It normally is used with the above though to become something like "I will hold you harmless and indemnify you for any loss because of...."
What does indemnitor mean?
The indemnitor is the person or entity that indemnifies you. Indemnify, in common terms, means to put you back to where you were before the covered event occured.
What is the Social Security program intended to indemnify employees against?
loss
What does cross-liability interest clauses in insurance contract mean?
This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.
What does cross liability interest clauses in insurance contract mean?
This is when two parties in a contract cannot sue each other over the same event. They indemnify each other.
How do you use Indemnify in a sentence?
The double indemnity policy paid twice the face amount for accidental death. The creditors sought an indemnity against the company to force it to pay its bills. Some federal agencies have indemnity against legal claims and lawsuits.
What are entries?
to indemnify the errors held by Accountants in main books of accounts is known as rectification of errors
What are rectifying entries?
to indemnify the errors held by accountants in main books of accounts is known as rectification of errors
What is your obligation if you indemnify an organization that will provide a service?
you are legally responsible for it's impact. you have indemnified them=you accept responsibility for their actions.
