Indemnity insurance is defined as policy that protects the interest of professional workers and businessmen when they are found guilty for a particular cause. Some common examples of indemnity insurance are malpractice insurance and errors and omissions insurance. These indemnify … Read More
Indemnity, in very simple words, means protection or security against any damage, loss or injury in a legal way. For example: An indemnity would be an amount offered by X to Y (as reparation) for a specific damage or loss … Read More
What is Subrogation? Subrogation refers to the process that an insurer uses to pursue a third party that caused some type of insurance loss to the insured. This is done as a means to recover claim amount paid to the … Read More