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Volume 32, Issue 2

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Indemnity Period

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Glossaries

TermDefinition
Indemnity Period
The period during which insurers will pay for losses following an incident covered as an insured peril. Insurers are only concerned about this period. To identify a suitable period it is necessary to consider maximum loss scenario, incident management capability, recovery time objectives, lead time for replacement equipment and any other factors which might extend the period of loss.