indemnity
Shield from liability
Indemnity is protection against loss or damage, or compensation paid after such loss occurs.
Insurance policies provide indemnity—if your house burns down, the insurer indemnifies you.
In legal contexts, an indemnity clause shifts liability: The contract included an indemnity protecting the landlord from lawsuits.
To grant someone indemnity is to exempt them from penalty or punishment.
Compensation for injury
- restitutionRestoring what was lost
- reparationCompensation for injury done
- settlementResolved dispute or colony
- payoutMoney distributed to recipient
redress · amends · recompense · recoupment · award · remuneration · payment · satisfaction
Legal or financial obligation
- tortActionable civil harm
- negligenceFailure to exercise care
- breachBreaking of agreement
- contractEnforceable written agreement
subrogation · waiver · release · plaintiff · defendant · litigation · arbitration · clause
Adopted principle of action
- coverageExtent of inclusion
- underwritingRisk evaluation and acceptance
- premiumAdded cost for better
- claimStatement of ownership or truth
deductible · exclusion · rider · beneficiary · insurer · policyholder · actuary · risk
Backer of obligation
- bondBinding tie or connection
- pledgeBinding promise given
- securityProtection from threat
- collateralSecurity for debt
assurance · covenant · promise · backing · certification · escrow · deposit · attestation
damages
Compensation for injury
- restitutionRestoring what was lost
- reparationCompensation for injury done
- settlementResolved dispute or colony
payout · redress · amends · recompense · recoupment · award · remuneration · payment · satisfaction · refund
liability
Legal or financial obligation
- tortActionable civil harm
- negligenceFailure to exercise care
- breachBreaking of agreement
contract · subrogation · waiver · release · plaintiff · defendant · litigation · arbitration · clause · provision
policy
Adopted principle of action
- coverageExtent of inclusion
- underwritingRisk evaluation and acceptance
- premiumAdded cost for better
claim · deductible · exclusion · rider · beneficiary · insurer · policyholder · actuary · risk · loss
surety
Backer of obligation
collateral · assurance · covenant · promise · backing · certification · escrow · deposit · attestation · confirmation
safeguard
Precaution against harm
cover · immunity · exemption · insulation · security · backstop
- contract clausesseverability clause, termination clause, confidentiality clause, force majeure, dispute resolution
- suretiesguarantee, collateral
- Dealmakingdeal, negotiator, bargaining, offer, counteroffer
- disclaimerswarning, fine print, notice, terms of use, waiver
- payoutspayout, disbursement, dividend, cash prize, reimbursement
- auto insurancecollision coverage, liability coverage, comprehensive coverage, theft protection, premium
indemnityliability
Legal or financial obligation
accountability · culpability · responsibility · obligation · exposure
indemnityvulnerability
Openness to harm
liability · insecurity · exposure · risk · jeopardy
indemnitypenalty
Punishment for wrongdoing
punishment · fine · forfeiture · damages · sanction
- double indemnityInsurance provision doubling payment
indemnify, indemnification, indemnities, indemnified, indemnifying