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.

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 ...

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 ...

Fire insurance is something which protects property against fire and allied perils, indemnifying losses, supporting business continuity, meeting loan requirements, and offering standardised ...

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, ...