What Is The Difference Between Indemnity And Insurance. Some of the key benefits of indemnity health insurance plans can be given as follows: A compensation claim for facial scarring could cost £50,000 plus the cost of any private cosmetic surgery, whereas a professional indemnity insurance would not cover such a claim.
This insurance is used to cover expenses that your standard health insurance plan cannot. Indemnity is not always a contract. Public liability insurance can cover compensation claims if you’re sued by a member of the public for injury or damage, while professional indemnity insurance can cover compensation claims if you’re sued by a client for a mistake that you make in your work.