Indemnity means providing protection or compensation to someone for any losses, damages, or expenses they may incur. It is like a promise to cover the costs or make things right if something goes wrong. Full definition
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The mandatory program of professional indemnity insurance coverage from LawPRO applies to the delivery of professional services to clients regardless of how much those clients pay for the services. (practicepro.ca)
There are often optional extras available when you are applying for professional indemnity insurance cover, and these allow you to tailor your policy to your specific needs. (finance4.net)
The fact that solicitors acting for both sides in a transaction could be held liable in the case of fraud could have significant impact on the cost of indemnity insurance for those firms carrying out conveyancing. (jondickins.com)