According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

It won’t be business as usual for large companies and the smaller trucking companies that work with them in the new year. Effective Jan. 1, companies will no longer be allowed to include “indemnity” ...

Indemnity clauses specifying that contractors will share any Joint & Several Liability costs to HMRC from April 2026 could backfire for agencies — and may not even work.

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If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

Pooja Dave began her writing career in fiction before turning to financial journalism with an interest in personal finance and insurance topics. Drazen Zigic / Getty Images Carefully read and ...

In everyday language, Indemnity is equivalent to money paid to cover actual damage caused by accidents, theft, legal claims, ...