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, by means of a well-crafted indemnity

See also

• consequential loss
• indemnity
• indemnified party