1732, "action of compensating for loss or damage," noun of action from indemnify.
Entries linking to indemnification
indemnify v.
"compensate for loss or expense," 1610s, from Latin indemnis "unhurt" (see indemnity) + -fy. Related: Indemnified; indemnifying. "Indemnify formerly meant to save a person from damage or loss, but now much more often means to make good after loss or the damage of property." [Century Dictionary]