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.
An indemnity protects the insured person or entity against damage, loss or hurt. In the case of workers' compensation insurance, the insured is the employee. Most states, except Texas, require employers to carry workers' compensation insurance, a form of no-fault insurance for employees.