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 may be defined as compensation for loss or a restoration to the approximate financial condition occupied before the loss occured. In the case of a claim, the company would pay the amount of the surety bond to the obligee and then seek to be indemnified by the principal as governed by the indemnity agreement. For example, with construction surety bonds the principal may be required to provide bid bonds, performance bonds and payment bonds.