Meaning of the word indemnify in English

What does indemnify mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

indemnify

US /ɪnˈdem.nə.faɪ/
UK /ɪnˈdem.nɪ.faɪ/

Verb

1.

to compensate someone for harm or loss

Example:
•
The insurance company agreed to indemnify the policyholder for the damages.
•
The contract states that the contractor will indemnify the client against any losses.
2.

to protect someone from legal responsibility for their actions

Example:
•
The company sought to indemnify its directors from personal liability.
•
A clause in the agreement was designed to indemnify the landlord against tenant negligence.