Indemnitee

An indemnitee is a person or entity that receives indemnification (compensation for harm or loss) under an insurance policy or contract. The term refers to the party who is protected against loss or damage resulting from a specific event. In other words, an indemnitee is the party that is compensated for any losses or damages they incur as a result of a covered incident. This may include legal fees, settlement payments, or other costs associated with defending against a claim or lawsuit. The indemnitee is typically named in the insurance policy or contract, and their rights to indemnification are spelled out in detail.