indemnify
verb in·dem·ni·fy \in-ˈdem-nə-ˌfī\
: to protect (someone) by promising to pay for the cost of possible future damage, loss, or injury
: to give (someone) money or another kind of payment for some damage, loss, or injury
in·dem·ni·fied in·dem·ni·fy·ing
Full Definition of INDEMNIFY
transitive verb
1: to secure against hurt, loss, or damage
2: to make compensation to for incurred hurt, loss, or damage