If you’ve heard of the term indemnity, you may be wondering, “what is indemnity insurance?” Indemnity is an agreement between two parties in which one party is responsible for compensating another for ...

Accident insurance is a supplemental health policy that helps cover costs after you suffer specific injuries in an accident. Commonly covered events include broken bones, burns, trips to the emergency ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

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In everyday language, Indemnity is equivalent to money paid to cover actual damage caused by accidents, theft, legal claims, professional mistakes or other covered events.

Indemnity insurance is a foundational component of modern risk management strategies, protecting individuals and organizations against the financial consequences of liability. This form of insurance ...