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Definition of indemnification : 1. That which indemnifies.
2. The act or process of indemnifying, preserving, or securing against loss, damage, or penalty; reimbursement of loss, damage, or penalty; the state of being indemnified.

Synonyms:

amends, requital, remediation, redress, indemnity, remuneration, return, remedy, reimbursement, insurance, quittance, restitution, offset, regaining, substitute, satisfaction, recompense, setoff, compensation, restoration, reparation, repayment, damages

Usage examples:

• During the first year of their marriage, my eldest brother, Auguste, was born, and shortly afterwards my mother promised an increase to the family, which was the occasion of great satisfaction to my father, who now that he had been married more than a year, would at times look at my mother, and, beautiful as she was, calculate in his mind whether the possession of her was indemnification sufficient for the loss of the brigade which she had cost him. - "Valerie", Frederick Marryat.
• An estimate of the gross amount might be made, and a corresponding sum appropriated for indemnification. - "The Critical Period of American History", John Fiske.
• There was some mention of indemnification to the despoiled Knights, but as the necessary condition to a pension was residence in France- a dangerous course for a noble in 1793 and 1794- the scheme came to naught. - "Knights of Malta, 1523-1798", R. Cohen.