English version

indemnify in Insurance topic

From Longman Dictionary of Contemporary Englishindemnifyin‧dem‧ni‧fy /ɪnˈdemnɪfaɪ/ verb (indemnified, indemnifying, indemnifies) [transitive] law  1 [+against/for]SCLBFI to promise to pay someone if something they own is damaged or lost2 [+for]SCLBFI to pay someone money because of loss, injury, or damage that they have sufferedindemnification /ɪnˌdemnɪfɪˈkeɪʃən/ noun [countable, uncountable]→ See Verb table
Examples from the Corpus
indemnifyHeads of departments and institutions are indemnified by the University in respect of any claims made against them under civil law in connection with safety duties.They guaranteed to indemnify him against any financial loss.The Company has taken out insurance to indemnify its Directors and Officers against liability when acting for the Group.It is further acknowledged that each of the parties shall indemnify me for all reasonable costs of defending such actions and proceedings.Due to the onerous nature of this work it is important that any engagement letter fully indemnifies the Firm.