USDA’s SDRP Stage 2 shallow-loss formula relies on spring prices, often missing real harvest-time revenue losses for insured ...

In everyday language, Indemnity is equivalent to money paid to cover actual damage caused by accidents, theft, legal claims, ...

Discover what a period of indemnity is in insurance, how it impacts business interruption claims, and examples of extended indemnity coverage in policies.

ERIE, Pa., Dec. 11, 2025 /PRNewswire/ -- At its regular meeting held Dec. 9, 2025, the Board of Directors of Erie Indemnity Company (NASDAQ: ERIE) set the management fee rate charged to Erie Insurance ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Every week we are reminded, in grim fashion, that we live in an age of serious risk. Ongoing ...

According to Black's Law Dictionary, indemnity is "a duty to make good any loss, damage, or liability incurred by another." It's possible to limit the scope of that duty during contract negotiations.

Fixed indemnity plans pay you a set amount if certain medical situations happen, like getting a critical illness or breaking a bone. You might have a plan that gives you $100 per day if you're in the ...

Indemnity insurance is a foundational component of modern risk management strategies, protecting individuals and organizations against the financial consequences of liability. This form of insurance ...

Warranties, indemnities, and exemption clauses can provide contractual assurance and protection to businesses when things go wrong. These contractual protections are important concepts, and can be ...

Although indemnifying policyholders following an insured event is the principal premise of insurance, insurers, brokers and MGAs alike are taking greater interest in risk mitigation and prevention ...

Hotel management agreements, like other commercial contracts, often contain clauses apportioning liability among the parties for potential losses or damages arising out of specific events or actions.