What does "indemnify" mean?

Indemnify refers to the act of securing someone against hurt, loss, or damage. This legal term is often used in contracts and insurance contexts, where one party agrees to compensate another for certain damages or liabilities that might arise. When a party indemnifies another, they are essentially providing a safeguard against potential financial loss or legal repercussions stemming from various circumstances, such as accidents, claims, or other unforeseen events.

In the context of professional practices, such as those governing watch, guard, or patrol agencies, indemnification is crucial as it helps manage risks associated with the responsibilities inherent in security roles. The correct understanding of indemnification can help professionals navigate contractual obligations and ensure they have adequate protections in place.