Indemnification

usgb/ɪnˌdemnɪfɪˈkeɪʃn/
noun

The act of compensating someone for loss or damage.

The insurance policy provides you with indemnification for loss or damage to your car.
Visual representation of "indemnification" - The act of compensating someone for loss or damage.

Often appears as...

  • provide indemnification
  • seek indemnification

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Formal

Technical

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Visual representation of "indemnification"
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Insurance Focus

Indemnification often relates to insurance where it describes being compensated for a loss or damage.

Illustration for Insurance Focus
The policy offers indemnification to homeowners impacted by natural disasters.
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Legal Protection

Indemnification can also apply in legal contexts to protect a party from liability or financial loss.

Illustration for Legal Protection
Under our contract, the supplier must provide indemnification if their product causes harm.
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Loss Recovery

The term suggests a sense of restoring or recovering from a loss, not just a simple payment.

Illustration for Loss Recovery
The indemnification I received helped rebuild my store after the fire.
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Compare with

compensationpaymentredressreimburseremuneratereparationrestitutionrestoration
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Visual representation of the word "Indemnification"

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