Indemnification (noun)

The act of indemnifying or the state of being indemnified; the protection or security against loss or damage; the act of compensating or making good a loss or damage.

Origin:

Indemnification is derived from the latin word "indemnificare" which means "to make secure against loss or damage.".

Examples:

1. The company provided indemnification to the employees for any losses incurred during the course of their work.
2. The insurance policy provided indemnification for the damages caused by the fire.
3. The contract included a clause for indemnification in case of a breach of contract.
4. The government provided indemnification to the victims of the natural disaster.
5. The lawyer provided indemnification to the client for any potential legal liability.