Indemnity: meaning, definitions and examples

Used mainly in legal and insurance contexts where something needs to be protected against potential future losses or damage.

• The contract includes an indemnity clause to protect the company against lawsuits
• The insurance policy provides indemnity for any losses due to theft

Typically used to refer to payment or benefit given to someone to offset a loss, injury, or suffering. Often used in employment and accident contexts.

• She received compensation for her injuries from the car accident
• The company offered him compensation for the extra hours he worked

Used when someone is paid back for expenses they have incurred, often in a work or travel context.

• The company provided reimbursement for his travel expenses
• She submitted the receipts to get reimbursement for her work-related purchases

Generally used to describe measures taken to guard against harm, damage, or loss. It can be applied in various contexts, from physical security to financial safeguards.

• They installed an alarm system for protection against burglars
• The new laws offer better protection for consumer rights

Commonly used in legal and insurance contexts to refer to a contractual agreement to compensate for any loss or damage.

• The insurance policy includes an indemnity clause to cover any legal costs.
• They agreed to provide indemnity against potential lawsuits.

Typically used in a general context to refer to any type of payment made to offset a loss or injury. It is often used in legal and employment scenarios.

• She received compensation for the injuries sustained in the accident.
• The company offers compensation for overtime work.

Used when referring to the act of repaying someone who has spent their own money on behalf of another individual or organization. Often used in business and travel contexts.

• Submit your travel receipts for reimbursement.
• He will be fully reimbursed for his medical expenses.

Refers to the payment received for work or services provided. Often used in a professional or formal context, particularly regarding salaries and wages.

• Her remuneration package includes a base salary and bonuses.
• The company is reviewing its remuneration policies to attract top talent.