Is there any difference between contingency and indemnity insurance policy?

From above the topic mentioned, all insurance policies are policies of indemnification, whereby the insurer agrees to compensate the insured for a loss covered by the policy. A contingency policy is a specialty policy that is used in the entertainment business that covers a promoter, production company. For instance, should a show or event be canceled by certain perils. Basically is a fancy form of business interruption coverage that includes perils that usually aren't covered by normal business interruption coverage. A Contingency Endorsement is also used on Marine insurance policies to cover a seller in the event the purchaser refuses a shipment that is received at the buyer's destination and refuses to place a claim on the buyer's insurance.