An Indemnity Agreement is a contractual agreement made between two parties. One party signs a legal document proclaiming to be a guarantor for a corporation or a company. The other party sends a representative of the company such as its president to sign the document. They make these agreements when the company in question has no assets to pledge or use as collateral for a loan and another person or company signs an indemnity agreement to be a guarantor for the loan. Insurance companies will indemnify a policyholder for any loss or damage to property or assets, which the policyholder had insured. Read the rest of this entry »