Do you know about indemnity insurance

Question

Accepted Answer

Indemnity insurance provides protection against financial losses resulting from legal claims.

Indemnity insurance is a type of insurance that protects against financial losses resulting from legal claims.
It is commonly used in professions like law, accounting, and healthcare to cover costs related to professional liability claims.
For example, a medical professional may have indemnity insurance to cover legal expenses in case a patient sues for malpractice.
Indemnity insurance can also be used in real estate transactions to protect against losses due to title defects or property disputes.