What is workers'comp indemnity?

Answer In workers' compensation, indemnity is the payment for lost wages and for temporary or permanent impairment. The specifics of each state's workers' comp program differ, but all state programs pay ... Read More »

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What is indemnity insurance?

There are two types of indemnity insurance available in the United States: indemnity health and professional indemnity insurance. Both policies indemnify the policy owner by paying for covered inci... Read More »

What is Principle of indemnity?

AnswerThe principle of indemnity is an insurance principle stating that an insured may not be compensated by the insurance company in an amount exceeding the insured's economic loss. "Financial com... Read More »

What is indemnity health insurance?

Indemnity health insurance is one of two main health plans in the United States, with managed care insurance being the other. This insurance policy allows the insured to control and have flexibilit... Read More »

What is professional indemnity insurance?

This insurance provides coverage for individuals who are in occupations that deal with the public ie lawyers, police, architects, contractors, etc. The insurance helps protect them from lawsuits an... Read More »