Protection from a future loss. Can be applied to insurance, as well as general terms in contracts.

 

"My accident and health indemnity policy pays me if I am unable to work due to being in the hospital."

 

"Most contracts include indemnity clauses that protect; they require the signer to hold them without harm for actions by the signer. "

 

"Luckily I had picked up an indemnity insurance policy for accidents for the day before my car accident; as it was the only income I received for the time I was in the hospital."

 

"Most Lease Agreements require the lessee to carry liability coverage, to provide some indemnity to the property owner should a claim be filed."