What is indemnification?
Indemnification is a promise to compensate someone for losses they incur.
Why it matters
It shifts risk — common in contracts, leases, and settlements.
Common confusion
Indemnify means cover losses; it is not the same as a waiver.
Frequently Asked Questions
Who pays under indemnification?
The indemnifying party covers the protected party’s losses.
Is it the same as insurance?
No, but it works like a contractual promise to reimburse.
Can it cover negligence?
Sometimes, depending on how broadly it is written.