indemnify

in|dem|ni|fy /ɪnd'emnɪfaɪ/ (indemnifies indemnifying indemnified)
[VERB] V n against n, V n
To indemnify someone against something bad happening means to promise to protect them, especially financially, if it happens. (FORMAL)
They agreed to indemnify the taxpayers against any loss...
It doesn't have the money to indemnify everybody.

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