indemnify
verbs
secure against future loss, damage, or liability; give security for
"This plan indemnifies workers against wages lost through illness"
is a type of (narrower)
protect by insurance
"The insurance won't cover this"
make amends for; pay compensation for
"One can never fully repair the suffering and losses of the Jews in the Third Reich"; "She was compensated for the loss of her arm in the accident"
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