Indemnify (verb)

1. To protect someone against financial loss or liability.
2. To compensate someone for a loss or damage.

Origin:

This word is derived from the latin word "indemnus" which means "free from harm" or "harmless" and the suffix "-fy" which means "to make" or "to cause". .

Examples:

1. The company indemnified its employees against any lawsuits arising from their work.
2. He indemnified himself against any potential losses from the investment.
3. She indemnified her landlord against any damages caused by her pets.
4. The insurance policy indemnifies the policyholder against any accidental loss.
5. The government indemnified the victims of the disaster for their losses.