An indemnity agreement is a contract that 'holds a business or company harmless' for any burden, loss, or damage. Indemnity can also refer to proper compensation for a loss.

Many highrisk activities require you to sign an indemnity agreement so they are protected from liability.

In surety, an indemnity agreement is a contract between the surety and the principal and states that the principal will "indemnify" the surety should a claim occur.

Learn more about indemnity agreements here: https://blog.suretysolutions.com/sure...

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