indemnity provision

indemnity provision
A provision in a building or construction contract or subcontract whereby the contractor or subcontractor, as indemnitor, agrees to indemnify or hold harmless the owner or principal contractor, as the case may be, for injuries resulting from the indemnitor's own negligence. 13 Am J2d Bldg Contr § 141.

Ballentine's law dictionary. . 1998.

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  • double indemnity — noun Date: 1924 a provision in a life insurance or accident policy whereby the company agrees to pay twice the face of the contract in case of accidental death …   New Collegiate Dictionary

  • double indemnity — noun chiefly N. Amer. provision for payment of double the face amount of an insurance policy under certain conditions …   English new terms dictionary

  • double indemnity — Payment of twice the basic benefit in event of loss resulting from specified causes or under specified circumstances. Provision in life insurance contract requiring payment of twice the face amount of the policy by the insurer in the event of… …   Black's law dictionary

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