Indemnity insurance

[deere150]

Not sure if this is in the right place but....
I have a customer owes me a substantial amount of money, I'm insured to pursue debt. Just had a email off my insurer's appointed solicitors to say they're going to take my case. At the top it says limit of indemnity £250,000 don't suppose this means if my customer can't pay my insurer will

 

[Norfolk Hill Farmer]

I think it means you're solicitor fees will be covered up to £250 000 should it get that far. I may be wrong though.

 

[deere150]

Wishful thinking then, that does sound a bit more like

 

[Nigel Wellings]

Norfolk Hill Farmer is quite right. The indemnity limit is the maximum amount Insurers will pay in legal costs to pursue the debt