Business Studies, asked by chokkashalom, 8 months ago

An indemnity contract is ?

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Answered by harsni01

3

Answer:

Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party. ... With indemnity, the insurer indemnifies the policyholder—that is, promises to make whole the individual or business for any covered loss.

Explanation:

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Answered by kavithaarivarasan77

2

Answer:

Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party. ... With indemnity, the insurer indemnifies the policyholder—that is, promises to make whole the individual or business for any covered loss.

Explanation:

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