indemnity insurance
Indemnity insurance is a type of coverage that protects individuals or businesses from financial loss due to claims or damages. Essentially, if you face a lawsuit or are held responsible for causing harm or loss to someone else, indemnity insurance helps cover legal costs, settlements, or judgments. This insurance is commonly used by professionals, such as doctors or lawyers, to safeguard against liability claims. By having an indemnity policy, you can mitigate the financial risks associated with these potential claims, ensuring that you have support if unexpected legal issues arise.
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Indemnity insurance is a type of coverage that protects individuals or businesses against financial losses resulting from legal claims or disputes. For instance, if a professional, like a doctor or lawyer, makes a mistake that leads to a lawsuit, indemnity insurance can help cover legal fees and any compensation they may need to pay. This insurance ensures that the insured party can continue their work without the burden of potentially devastating costs associated with such claims, providing peace of mind in their professional activities.