Medical Insurance Vs Indemnity. Hospital indemnity insurance is very similar to accident insurance. Indemnity plans an indemnity plan reimburses you for your medical expenses regardless of who provides the service, although in some cases your reimbursement amount may be limited.
These policies will protect you in the event of someone lodging a claim against the services you provide. For indemnities, the indemnifier voluntary accepts the transfer of risk. Medical malpractice insurance is a form of professional indemnity insurance.