indemnify vs compensate

indemnify and compensate both are verbs.

Word	Noun	Adjective	Verb	Adverb
indemnify	No	No	Yes	No
compensate	No	No	Yes	No

As verbs, indemnify and compensate are synonyms defined as:

Other synonyms of indemnify include recompense, repair.

indemnify (verb)	compensate (verb)
make amends for; pay compensation for	make payment to; compensate
secure against future loss, damage, or liability; give security for	make amends for; pay compensation for
	do or give something to somebody in return
	make reparations or amends for
	adjust for
	make up for shortcomings or a feeling of inferiority by exaggerating good qualities