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.
Full Definition of INDEMNITY. 1. a: security against hurt, loss, or damage b: exemption from incurred penalties or liabilities. 2.a: indemnification 1 b: something that indemnifies.3. a promise to pay for the cost of possible damage, loss, or injury. : a payment made to someone because of damage, loss, or injury.