Legal Definitions - indemnifier

Definition: An indemnifier is a person or entity that agrees to compensate or reimburse another party for any losses, damages, or liabilities that may arise from a particular transaction or situation.

Examples:

• When a contractor takes on a construction project, they may require the property owner to serve as an indemnifier, agreeing to cover any costs or damages resulting from the work.
• A car rental company may require customers to sign an indemnity agreement, agreeing to pay for any accidents or damages that occur while the vehicle is in their possession.

These examples illustrate how an indemnifier assumes responsibility for potential risks or losses that may occur in a given situation. By agreeing to indemnify another party, they are essentially providing a form of insurance or protection against unforeseen events.