What Does Indemnity Insurance Mean?
An insurance policy that aims to protect business owners and employees when they are found to be at fault for a specific event such as misjudgment. Typical examples of indemnity insurance include professional insurance policies such as malpractice insurance and errors and omissions insurance, which indemnifies the professional against claims made in the workplace. Health indemnity insurance is sometimes used when a person is in between health plans, and will cover some (but not all) expenses.
