Indemnifier

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Indemnifier /ɪnˈdɛmnɪfʌə/ (n.)
1. Damocles.
2. One who, out of a surfeit of incaution or deal fatigue, has underwritten every minor calamity her counterparty may suffer; every debatable opportunity it may forgo, and every extraordinary expense it may incur, however irrational, in the performance of the contract between them.
3. (Unusual) A party to a contract who has agreed, in full knowledge of the facts, to bear responsibility for a well-quantified and clearly-articulated externality that it accepts its counterparty may suffer through no fault of its own, in the course of providing an incontrovertible benefit to the indemnifying party under that contract, by means of a well-crafted indemnity

See also

• consequential loss
• indemnity
• indemnified party