indemnifiers
Those providing protection
Indemnifiers are parties who provide indemnity—protection against loss, damage, or liability.
In legal and insurance contexts, an indemnifier agrees to compensate another party for specified harms: The contract named the manufacturer as one of the indemnifiers responsible for product liability claims.
Insurance companies are the most common indemnifiers in everyday life.
Backer of obligation
One who assumes financial risk
- policyholderOwner of insurance contract
- coverageExtent of inclusion
- reinsuranceInsurers insuring themselves
- liabilityLegal or financial obligation
surety
Backer of obligation
underwriter
One who assumes financial risk
- policyholderOwner of insurance contract
- coverageExtent of inclusion
- reinsuranceInsurers insuring themselves
collateral
Security for debt
retention · reserve · securitization · creditworthiness · asset-backed
covenant
Binding formal pledge
- clauseProvision in agreement
- agreementShared position between parties
- obligationRequired task or commitment
waiver · release · limitation · exclusion · carve-out · cap · trigger · scope