WebThe cost of professional indemnity insurance depends on how much cover you need to take out and how risky your business might be. The best way to get an idea of how much … WebFeb 22, 2024 · An indemnity clause may require the indemnifying party to take over the defense of any lawsuits. Other times, it may require the indemnifying party to reimburse the other party for expenses covered by the clause. To get a better idea of how indemnity works, imagine a baker has a contract to deliver 100 scones to a café.
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