Indemnification means that an insurance company can 'step into the shoes' of the insured and sue any party whom the insured could have sued.

Indemnification

Compensation for harm or loss, often part of contracts to protect against potential legal liabilities or damages.

Insurance Company

A business entity that provides financial protection or compensation to individuals or entities against losses or damages, in exchange for premium payments.

Insured

The individual or entity covered under an insurance policy, protected against specified risks and potentially eligible for claims settlement.