indemnification
Compensation for losses
Indemnification is protection against loss or damage, or compensation for loss already suffered.
In legal and business contexts, an indemnification clause requires one party to cover another's losses from specified events: The contract included indemnification for any third-party claims.
Insurance policies provide indemnification against covered risks.
The term appears most often in contracts, insurance, and legal proceedings.
Compensation for injury
- settlementResolved dispute or colony
- payoutMoney distributed to recipient
- restitutionRestoring what was lost
- reparationCompensation for injury done
redress · remuneration · recoupment · award · recovery · amends · refund · disbursement
Legal or financial obligation
- tortActionable civil harm
- negligenceFailure to exercise care
- breachBreaking of agreement
- contractEnforceable written agreement
plaintiff · defendant · litigation · arbitration · settlement · subrogation · statute · adjudication
Binding tie or connection
- suretyBacker of obligation
- collateralSecurity for debt
- pledgeBinding promise given
- securityProtection from threat
warranty · assurance · undertaking · guarantor · obligation · commitment · deposit · escrow
Protected from harm
- exemptionRelease from requirement
- safeguardPrecaution against harm
- shieldHandheld defensive armor
- defenseProtection against harm
cover · buffer · insulation · hedge · security · harbor · shelter · exculpation
Extent of inclusion
- policyAdopted principle of action
- claimStatement of ownership or truth
- premiumAdded cost for better
- underwritingRisk evaluation and acceptance
exclusion · rider · deductible · insurer · insured · policyholder · actuary · loss
damages
Compensation for injury
- settlementResolved dispute or colony
- payoutMoney distributed to recipient
- restitutionRestoring what was lost
reparation · redress · remuneration · recoupment · award · recovery · amends · refund · disbursement · satisfaction
liability
Legal or financial obligation
- tortActionable civil harm
- negligenceFailure to exercise care
- breachBreaking of agreement
contract · plaintiff · defendant · litigation · arbitration · settlement · subrogation · statute · adjudication · clause
bond
Binding tie or connection
- suretyBacker of obligation
- collateralSecurity for debt
- pledgeBinding promise given
security · warranty · assurance · undertaking · guarantor · obligation · commitment · deposit · escrow · recognizance
immunity
Protected from harm
defense · cover · buffer · insulation · hedge · security · harbor · shelter · exculpation · exoneration
coverage
Extent of inclusion
underwriting · exclusion · rider · deductible · insurer · insured · policyholder · actuary · loss · peril
- contractsbinding contracts, contract length, lease, clause, contract terms
- insuranceinsurance, coverage, auto insurance, life insurance, home insurance
- contract termscontract terms, agreement, terms, conditions, condition
- guaranteesguarantee, warranty, guaranty, pledge, oath
- bylawsarticles, voting, clause, membership, provision
- contract clausesseverability clause, termination clause, confidentiality clause, force majeure, dispute resolution
indemnificationliability
Legal or financial obligation
exposure · vulnerability · personal responsibility · self-insurance
indemnificationdebt
Money owed another
indebtedness · obligation · culpability · exposure · blame