There are multiple definitions - click on the translation that matches your context.

erstatte (for skade)

verb

full

indemnify

verb

Definitions of indemnify

English

to exclude someone from legal responsibility for their actions concerning a particular matter

The Company may not indemnify the Indemnified Party under Section 1 in connection with a proceeding by or in the right of the Company.

English

to grant a security or protection against a financial loss

The insurance company agreed to indemnify the store against such claims.