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.

Discover what a period of indemnity is in insurance, how it impacts business interruption claims, and examples of extended indemnity coverage in policies.

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

Indemnity is one party's promise to protect another party from loss. This is the first of two articles that will analyze key indemnity issues as they relate to IT contracts. When negotiating a ...

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 ...