Indemnitor

An indemnitor is an individual or entity that provides compensation or security to another party (the indemnitee) for potential losses or damages that may arise from specific agreements, contracts, or legal responsibilities. This term is commonly used in insurance and legal contexts to denote the party undertaking the obligation to indemnify.

Indemnitor meaning with examples

The indemnitor agreed to cover all legal expenses incurred by the company in the event of a lawsuit, ensuring that the business could operate without the fear of financial ruin from unforeseen claims related to its products.
In a commercial lease agreement, the tenant acted as the indemnitor, promising to hold the landlord harmless against any damages that might occur on the property during the term of the lease, thus protecting the landlord’s interests.
Before signing the contract, the indemnitor reviewed all clauses carefully, especially those related to liability and indemnification, to ensure that their obligations would not leave them exposed to excessive risk or financial loss.
During the negotiations, the indemnitor proposed a cap on their liability to limit potential exposure, showing a proactive approach to managing risks associated with taking on the responsibility of compensating the other party.

Indemnitor Synonyms

advocate assurer backer buffer compensator coverage provider defender guarantor insurer payer pledger preserver protector reimburser safeguard security provider sponsor sustainer underwriter ward

Indemnitor Antonyms

accuser accuser burden charge charge-back claimant debtor defendant detractor falsifier indemnitee liability obligation own risk penalize plaintiff prosecute responsible party sue testify