Definitions of indemnification
a security or protection against a financial loss; the granting of a security or protection against a financial loss
The council will also consider an indemnification agreement with Lakeside Capital Group.
the action of compensating someone for loss suffered to restore them to the financial position they were in before the loss happened
The general contractor had signed a contract including indemnification against all damages for personal injuries "caused by ... or occurring in connection with the work."
the exclusion of someone from legal responsibility for their actions concerning a particular matter
The new contract included an indemnification clause that obliges Springs Industries to defend the city in lawsuits arising from environmental contamination.