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 双语律师Virginia,国内知名法学院民商法专业,擅长翻译各类与公司与并购相关的法律文件。