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What Is An Indemnity Agreement? (With Examples)

what is an indemnity agreement

Put simply, indemnity is security or protection against a loss. Indemnification is most often referred to as ‘to hold harmless’, usually in reference to one’s actions. 

Many high-risk activities, like skydiving or heli-skiing, require individuals to sign an indemnity agreement before they can participate. This protects the business or company from liability if there is an accident.

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