Red imported fire ants. The red imported fire ant (Solenopsis invicta), or simply RIFA, is one of over 280 species in the widespread genus Solenopsis. It is native to South America but it has become both a pest and a health hazard in the southern United States as well as a number of other countries.
Professional Indemnity insurance was designed for professionals who provide advice or a service to their customers. It is designed to protect you against legal costs and claims for damages to third parties which may arise out of an act, omission or breach of professional duty in the course of your business.
DEFINITION of 'Indemnity'. Indemnity is compensation for damages or loss. Indemnity in the legal sense may also refer to an exemption from liability for damages.The concept of indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for potential losses or damages caused by the other party.he concept of indemnity is based on a contractual agreement made between two parties, in which one party agrees to pay for potential losses or damages caused by the other party.