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 ...
Arbor Insurance has highlighted that Australian businesses using contractors rather than employees may face different ...
Folgate Underwriting Agency Limited (FUAL) has secured a long-term primary and excess capacity partnership led by ...
LAKELAND, Fla.--(BUSINESS WIRE)--Summit, a leading regional provider of workers’ compensation insurance services, announces the addition of Bridgefield Indemnity Insurance Company to its carrier ...
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Indemnity in insurance: What does it mean? How it works, and why it matters – explained
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.
Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers ...
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