Harder than emerald, ruby, or sapphire and more brilliant than diamond, moissanite is a gemstone unlike any other.
DEFINITION of 'Indemnity Insurance'. An insurance policy that aims to protect business owners and employees when they are found to be at fault for a specific event such as misjudgment.ndemnity insurance is an insurance policy that protects business owners and employees from losses due to failure to deliver expected services.
Indemnity and Insurance. One of the best examples of indemnity is insurance, which an insurance company indemnifies a property owner from losses or damage to that property. In another example, business owners may buy indemnity insurance for professional liability.efinition: Indemnity, Indemnify, Indemnification. The principles described in the terms indemnity and indemnify are interrelated so these terms are defined together. The term indemnity is defined as a duty to make good any loss, damage, or liability incurred by another (Black's Law Dictionary).