Harder than emerald, ruby, or sapphire and more brilliant than diamond, moissanite is a gemstone unlike any other.
DEFINITION of 'Indemnity Insurance'. An insurance policy that aims to protect business owners and employees when they are found to be at fault for a specific event such as misjudgment.ndemnity insurance is an insurance policy that protects business owners and employees from losses due to failure to deliver expected services.
indemnities. 1  1a : security against hurt, loss, or damageb : exemption from incurred penalties or liabilities. 2  2a : indemnification 1b : something that indemnifies. 3  3 : fee-for-service âusually used attributively an indemnity plan.