indemnity principleglossary / INDEMNITY PRINCIPLE indemnity principle. Insurance. The doctrine that an insurance policy should not confer a benefit greater in value than the loss suffered by the insured. [Cases: Insurance 2104.] 词条贡献者 法律翻译David,毕业于美国顶尖的高级翻译学院,专注翻译各类与电子证据开示与文件保全有关的法律文件。