Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

Discover what a period of indemnity is in insurance, how it impacts business interruption claims, and examples of extended indemnity coverage in policies.

Indemnity insurance is a type of professional liability insurance coverage. To indemnify means to provide protection against financial losses. The purpose of having indemnity insurance is to protect ...

Professional indemnity insurance covers lawsuits brought by clients against professionals who may have given negligent advice or service. This article will explain what professional indemnity ...

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.

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 ...

Advertising disclosure: When you use our links to explore or buy products we may earn a fee, but that in no way affects our editorial independence. Indemnity insurance is a policy that reimburses ...

Indemnity insurance is a foundational component of modern risk management strategies, protecting individuals and organizations against the financial consequences of liability. This form of insurance ...

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, ...