Tag Archives: indemnity

Indemnity

Indemnity Indemnity Indemnity is a type of insurance compensation paid for damage or loss. Indemnity is a contractual agreement between two parties in which one party agrees to compensate for potential loss or damage caused by the other party. Indemnity is also a legal and financial concept that refers to a contractual agreement in which… Read More »

Insurance

Insurance

Insurance Insurance is a means of protection against financial loss in which, in exchange for a fee, one party agrees to compensate the other in the event of  loss, damage or injury.  This is a form of risk management, mainly used to hedge  the risk of possible or uncertain losses. The entity that provides cover… Read More »