What does the term indemnity mean?

Indemnity is a commonly used term in the Insurance Industry. We see Limits of Indemnty being used as another term for sum insured.

The terms liability and indemnity need to be used in context with the areas of risk you are concerned about. If we start with their definitions:

·         Indemnity – means putting you back in the same position after a loss as you were prior to a loss.

·         Liability – means the amount you are legally responsible to pay for a resultant loss.


You could virtually say they mean they are interchangeable when it comes to insurance. However, these terms are really about how a policy is meant to respond. However, we use these terms to describe certain types of policies ie Public Liability, Products Liability and Professional Indemnity. All of which are there to respond to certain types of third party claims made against us when we carry out the work.

Latest News

CPR Insurance Services Awarded Authorised Representative Insurance Business of the Year for 2019

Mandy and Robert Cooper were proud to receive the inaugural Authorised Representative Business of the Year from ANZIIF in the Australian Insurance Industry Awards for 2019.

We share this award with all our staff, Lauren, Guy and Sarah and thank them for their dedication in providing the best possible customer service. We also thank our clients who have made our business what it is today. We thank you all so much.

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Finalist in the Insurance Industry Awards

We were pleased to be advised this week that we are a finalist in the Australian Insurance Industry Awards in the category of Most Outstanding Authorised Representative Business for 2019.

Our company very much appreciates the accolade and just being nominated is prestigious to us. The awards ceremony is in August and we will see how we go, but being in the Top 4 is a credit to our team who have worked tremendously hard in the last eight years.

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