Indemnifiable: meaning, definitions and examples

Typically used in legal and insurance contexts when talking about protection from loss or damage. It suggests that something is eligible for compensation under legal or insurance terms.

• The policy details what kinds of incidents are indemnifiable.
• Indemnifiable losses must be reported within 30 days.

Often used in the context of employment and benefits, indicating that an action, effort, or injury is deserving of compensation, usually financial.

• The injury was deemed compensable by the employer.
• Overtime hours are compensable under the company policy.

Used in situations where expenses are to be paid back, such as business expenses or healthcare costs. It implies that spending has already occurred and will be repaid.

• Travel expenses are reimbursable if they are approved by the manager in advance.
• Keep all receipts for reimbursable expenses.

Best used when dealing with financial transactions, indicating that money paid can be returned if certain conditions are met. Often seen in retail, travel, and rental agreements.

• If you're not satisfied with your purchase, it is refundable within 30 days.
• The deposit is refundable upon safe return of the rented equipment.