punitive damages vs indemnity

punitive damages and indemnity both are nouns.

Word	Noun	Adjective	Verb	Adverb
punitive damages	Yes	No	No	No
indemnity	Yes	No	No	No

As nouns, indemnity is a hypernym of punitive damages; that is, indemnity is a word with a broader meaning than punitive damages:

punitive damages: (law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)
indemnity: a sum of money paid in compensation for loss or injury

Other hypernyms of punitive damages include amends, damages, indemnification, redress, restitution.

punitive damages (noun)	indemnity (noun)
(law) compensation in excess of actual damages (a form of punishment awarded in cases of malicious or willful misconduct)	a sum of money paid in compensation for loss or injury
	legal exemption from liability for damages
	protection against future loss