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indemnity

indemnity

4 8.4
Protection from having to pay for loss or damage, often by insurance
  • noun
  • /ɪnˈdɛm.nɪ.ti/
  • Formal
translation icon : indemnización
  • Nurses must always have appropriate indemnity cover in place as a condition of continued registration.
  • indemnity insurance
  • indemnity cover

It's, it's, if you're woke and you virtue signal, it's like taking out an indemnity policy against woke retaliation or enhances your career.

Examples

  • Like I said, Ben had our standard life policy, which we provide for all our executives: $2 million coverage... with a double indemnity clause for accidental death.

  • For instance, you've got the indemnity insurance plan and the managed dental insurance policies.

    Blog text (21)
  • Hospital indemnity plan, with a benefit for covered hospitalization of up to $250 a day.

    Academic text (2001)
  • Finally, the rural leaders tended to be covered by indemnity insurance or Medicare, whereas their urban counterparts were covered by indemnity insurance or a managed care plan.

    Academic text (1994)
  • My company, Duttonville Research... it's been hired by three insurance companies... to investigate a total $1.5 million double indemnity claim... by Eddy Otis.

  • The ABE's six insurance plans include term life, disability, excess major medical, accidental death and dismemberment, hospital indemnity, and office overhead.

    Academic text (2004)
  • Such a governmental indemnity fund is necessary because the private insurance market will continue to exclude sewage sludge application from liability coverage.

    Academic text (1999)
  • Based on personal experience, it did not take Blue Cross Blue Shield enrollees long to change from indemnity to an IPA-model PPO when the premiums for indemnity coverage increased over 300 percent in one year.

    Academic text (1993)
  • The system was devised to handle PPO, HMO, indemnity, group-life, dental, long-term disability, and combinations of those benefits.

    Academic text (1993)
  • As a contractor, it is essential to have indemnity to protect against potential lawsuits from clients.

Synonyms

insurance
vsindemnity
2.0

A paid plan that protects you against loss, damage, illness, or death

refers to the resulting exemption from paying for loss not the contract
insurance coverage
vsindemnity
34 3.1

The money and help a policy gives for damage or loss

is broader, offering legal exemption from paying for loss beyond policy terms

Antonyms

2.7

A duty to do something and answer for what you do

liability
  • Specialized
176 5.1

A legal responsibility to pay money for damage

Compounds

1 7.8

A part of a life insurance policy that pays twice the money if death is an accident

How Protected

indemnity
  • Formal
4 8.4
underinsurance
  • Specialized
1 7.5
exposure
295 3.5

Surface Forms

indemnity singular
indemnities plural

Morphology

indemnity = indemnify (opaque) = indemn + ity

Although formed with the productive suffix '-ity' from a Latin-derived base, the root 'indemn-' is not a recognizable English morpheme and the meaning 'compensation/exemption from liability' is not transparently inferable from its parts for average learners.

Etymology

Indemnity comes from the Latin parts in- 'not' and a root like damage 'harm or loss', so it originally meant 'not harmed'. So, indemnity can mean legal or insurance protection that keeps you from having to pay for a loss.