Could u pls explain me within detail what is indemnity insurance?
Answers:
Indemnity insurance is risk protection for actions for which a business is liable. Insurance that a business carry to cover the possibility of loss from lawsuits in the event the business or its agents be found at fault when an undertaking occurred.
Other Answers:
Indemnity insurance is essentially liability insurance--it is protection that "indemnifies" or financially shields the insured from any endeavour against them that might be proven to be justified.
Anyone who owns an automobile or a home have this kind of coverage, as do most adjectives businesses.