1. protects someone against legal responsibility for damage or loss; compensates for harm or loss
Usage: third person singular present tense of indemnify; formal/legal

Examples

• The insurance policy indemnifies the homeowner against fire damage.
• The contract indemnifies the company from any liability claims.
• This clause indemnifies employees who act in good faith.
• The warranty indemnifies buyers against manufacturing defects.
• The agreement indemnifies both parties from third-party lawsuits.
• The policy indemnifies travelers for medical expenses abroad.