Is “Indemnification” a Scrabble word?

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Yes
INDEMNIFICATION
Valid in at least one Scrabble dictionary

Valid in these dictionaries

SOWPODS / CSW
Scrabble UK & International
Valid
TWL / NWL
Scrabble North America
Valid
Large English Dictionary
General English word list
Unavailable

Meaning of Indemnification

/ɪnˌdɛmnɪfɪˈkeɪʃən/

noun
  1. 1.The act or process of indemnifying, preserving, or securing against loss, damage, or penalty.

  2. 2.A reimbursement of loss, damage, or penalty.

  3. 3.The state of being indemnified.