Insurance protection against claims alleging negligence or an action which resulted in bodily injury or property damage to another party. It is included in most homeowner's policies.
Provides protection for the insured against loss arising out of his/her legal liability to third parties.
Coverage to meet expenses resulting from legal, financial obligations to others. For example, if you are sued because you are found to have caused an injury to another person (such as if your dog bites the paper boy) and the incident is covered under your homeowners' policy, the insurance company will assume the responsibility of paying legal fees and costs that result according to the terms and limits of the policy.
Coverage that protects you if you cause damage to someone else's property or person.
Insurance designed to protect the policyholder from financial loss due to liability resulting from injuries to other persons or damage to their property.
addresses the responsibilities of an insured based on a particular exposure such as premises-operations, products-completed operations, automobile, etc.
or third party insurance - protects the insured person (the first party) against his liability to pay compensation for injury, etc. to anyone else (the third party); the second party is the insurer.
Insurance guarding against damage or loss that the policyholder, may cause another person in the form of bodily injury or property damage.
Insurance that provides coverage for an Insured against financial loss from claims of Liability.
Insurance that protects a party from various types of claims. Typically liability insurance protects the insured from losses resulting from property damage claims or from bodily injury claims. Construction lenders usually require contractors to obtain and carry liability insurance to protect against claims resulting from the contractor's operations.
Insurance that provides indemnity or compensation for a harm or wrong to a third party for which the insured is legally obligated to pay. Usually, the injury or damage is caused by the insured's negligent acts or omissions, but in some situations the law imposes strict liability without regard to negligence, and this may also be covered by liability insurance.
A form of insurance that covers an insured's liability to third parties, plus associated expenses.
Insurance that protects property owners against claims that alleges negligence or inappropriate action that resulted in bodily injury or property damage to another party.
Provides protection for the insured against loss arising out of his legal liability resulting from injuries to other persons or damage to their property.
An insurance policy that protects you in the event that there is bodily injury or property damage to other people. The liability can be because of negligence or a failure to live up to promises made under a contract.
A kind of insurance that provides a benefit payable on behalf of a covered party who is held legally responsible for harming others or their property.----------[ Back
Insurance that pays and renders services on behalf of a policyholder who is unintentionally, but legally responsible for bodily injury or property damage that is caused to another person and covered in the policy.
Provides protection from lawsuits of others.
This policy protects the owner of the property against claims by parties injured on the property.
Insurance that protects against financial losses arising from the insured's responsibility for property losses or injuries to others.
insurance that provides protection from claims arising from injuries or damage to other people or property
a type of coverage whereby the indemnity must be made directly to the third party being the insured subject-matter
Pays for injuries to the other party and damages to the other vehicle resulting from an accident you caused. It also pays if the accident was caused by someone covered by your policy, including a driver operating your car with your permission.
Insurance covering the financial risk of civil lawsuits.
Insurance covering the policyholder's legal liability for injuries to another person or damages to another person's property for which the insured is legally liable.
Provides financial protection in case your business is sued or held legally responsible for bodily injury or property damage to a third party. Typically, covered expenses include:? The amount the insurer spends to investigate or defend the claim or lawsuit;? Other costs incurred directly by the insurance company, such as attorneys? fees, witness fees and police report costs? Court costs or other costs assessed against you;? Reasonable expenses you incur at the insurance company's request to aid in your defense against a claim, such as your loss of income for a day spent in court;? A judgment or settlement arising from a covered lawsuit;? Any required interest on the judgment if the defense is unsuccessful;? Medical expenses for injured parties. * The policy may include coverage for premises, personal injury, products and completed operations and contractual liabilities.
A type of commercial insurance that protects a business for injuries it causes to third parties.
Liability coverage pays for expenses from damages or injuries to other people that are caused by the policyholder.
Insurance which pays on behalf of the policyholder sums he or she may be legally required to pay as damages to others due to negligence on the part of the insured. This insurance may cover bodily injury to another or damage to the property of others.
Insurance covering the chapter's board of directors and officers. This insurance covers lawsuits resulting from any actual or alleged wrongful act including errors, omissions, negligent acts, or breach of duty by the insured while performing the chapter's business.
Insurance against legal liability to pay compensation and court costs where the insured has been found negligent in respect of injuries sustained by another person or damage to his/her property.
Protection from claims arising from death, injury or damage to other people or property. EXAMPLE: ABC Tenant's lease requires them to obtain Liability Insurance equal to $3,000,000 for death/occurrence, $3,000,000 for injury/occurrence and $1,000,000 for damage/occurrence. A visitor enters ABC's premises, slips and falls on a floor tile and sustains substantial bodily injury. The visitor sues ABC for negligence which resulted in the injury. Because ABC maintains Liability Insurance, their coverage is sufficient to pay the damages resulting from this occurrence.
Coverage for a policy holder’s legal liability resulting from injuries to another person or damages to their property.
Insurance covering the risks related to the property and personal liability claims of other parties against the insured party.
The insurance against claims of loss or damage for which a policyholder might have to compensate another party. The policy covers losses resulting from acts or omissions which are legally deemed to be negligent and which result in damage to the person, property, or legitimate interests of others.
Protection from the risk, according to which the company has liabilities. Insurance coverage of losses arising from legal processes in case the company and its employees have been found guilty in performing an illegal action.
Type of insurance that protects an insured from financial loss arising out of liability claims by transferring the burden of financial loss from the insured to the insurance company.
Covers negligence or fault resulting in bodily injury or property damage.
Insurance that pays when you are liable for injuries to other persons or damage to their property.
Insurance coverage to protect against claims alleging that one's negligence or inappropriate action resulted in bodily injury or property damage.
An insurance policy that protects property owners from personal injury and other liability lawsuits.
Protects a policyholder when he or she is responsible for personal injury or property damage.
Compensates people that you are involved in accident with when you are at fault. Covers the court costs as well.
(See General Liability Insurance)
Insurance coverage that protects property owners against claims of negligence, personal injury or property damage to another party.
All drivers in California are supposed to carry a minimum amount of liability insurance on their car. This provides insurance to pay damages if they are liable because of an act of negligence. Statistics show that 1/4 to 1/3 of all vehicles on the roadway in California are uninsured. People can't afford to pay the insurance premiums and drive without insurance. If they are caught they can loose their license for a year and face stiff fines.
Coverage to protect against the liability the insured becomes legally obligated to pay due to bodily injury, property damage, or professional liability or libel.
Insurance protecting the insured against financial loss arising out of legal liability imposed upon him/her in connection with bodily injuries (or death) suffered, or alleged to have suffered, by persons of the public, or damage caused to property other than property owned by or in the custody of the insured as a result of the maintenance of the premises, or the business operations of the insured.
Liability insurance is insurance that protects against claims for negligence or inappropriate action or inaction, which results in injury to someone or damage to property.
Insurance for money the policyholder is legally obligated to pay because of bodily injury or property damage caused to another personal and covered in the policy.
Insurance that covers against potential lawsuit brought against a property owner for alleged negligence resulting in damage to another party.
Coverage for sums that an insured becomes legally obligated to pay because of bodily injuries and/or property damage or financial losses caused to other people.
insurance that pays benefits to an injured party on behalf of a covered party that is legally responsible for the harm to that person or property.
the insurance that covers damages for which you are responsible (see Bodily Injury Liability and Property Damage Liability ).
the type of insurance which covers a named insured for his legal liability for injuries or damage to others.
In an accident where you are charged with injuring another person or damaging his or her property, liability insurance pays the cost of your legal defence, as well as the cost of any damages for which you are found legally responsible. Liability, Collision and Comprehensive. These are the three main types of coverage available in an auto insurance policy. Liability pays other people if you've injured them or damaged their property. Collision pays to repair damage to your car caused by (what else?) collisions. Comprehensive pays you for your losses due to theft and other calamities that are unrelated to collisions – like damage from hail, fire, vandalism, floods, etc.
Insurance that covers bodily injury or property damage to others, to third parties.
Insurance offering protection from claims that a homeowner or property ownerâ€(tm)s negligence resulted in injury or property damage to someone else; it is usually part of a homeownerâ€(tm)s insurance coverage.
That insurance that pays and renders service on behalf of an insured for loss arising out of his responsibility, due to negligence, to others imposed by law or assumed by contract.
A contract made with an insurance company to cover costs arising out a person's responsibility for injuries to others.
Insurance that pays when you are legally responsible for an accident in which you have injured someone or damaged their property.
Insurance coverage that offers protection against claims alleging that a property owner is responsible for any bodily injury or property damage to another party.
Insurance that covers any third party injuries or damages.
Coverage for a policyholder's legal liability resulting from injuries to other persons or damage to their property.
Liability insurance covers the policyholder for up to a certain amount for the damage to another personâ€(tm)s property or the injury of another person.
Insurance that protects a company from legal claims arising out of accidents or losses incurred by customers.
Insurance for to cover a claim or payment due as a result of bodily injury or property damage caused to another person.
Insures the individual for financial losses which arise out of the person's responsibilities to others imposed by law or contract.
Insurance that pays on behalf of an insured for loss arising out of his or her responsibility to others imposed by law or assumed by contract arising out of losses covered under the policy.
Coverage for all sums that the insured becomes legally obligated to pay because of bodily injury or proprty damage, and sometimes other wrongs, to which an insurance policy applies.
Insurance covering the policyholder's legal liability resulting from injuries to other persons or damage to their property.
Protection which pays sums that an insured is legally obligated to pay, or that the insurer has agreed to pay, as damages to others as a result of the insured's negligence. May cover bodily injury to another or damage to property of another.
This part of an auto insurance policy covers the injuries and damage you cause to other drivers and their vehicles when you are at fault in an accident. If you are taken to court, liability coverage will apply to your legal costs. Most states require drivers to carry liability coverage. The amount of coverage varies by state.
This type of insurance provides protection from financial legal obligations. Also known as casualty insurance.
Protection for a policyholder, up to an established figure, for amounts payable to another individual for personal (bodily) injury or property damage.
Insurance that protects the insured from financial loss when he is held legally responsible for bodily injury or property damage losses sustained by others. Also known as casualty insurance.
Insurance that covers the renter for damage or bodily harm to persons and/or property outside of the rental vehicle. In the case of driver negligence, liability insurances are rendered void.
Liability insurance covers accidental losses resulting from injury to the body or damage to the property of someone else for which the insured is legally responsible (legally liable). If the loss is covered by the insurance policy, the payment is made directly to the party that suffered the loss.
A policy that protects owners against any claims of negligence, personal injury or property damage.
Protection for the policyholder, up to an agreed amount, for sums payable to another for personal (bodily) injury or property damage.
All forms of coverage which protect an insured who becomes obligated to pay because of bodily injury, property damage, or other wrongs to which the insurance policy applies.
Broad category of insurance that covers accidental bodily injury or property damage losses for which the insured is legally responsible.
Insurance in respect of liability to third parties, most commonly for accidents resulting in bodily injury and damage to property.
Insurance against claims, costs and other expenses arising from injury to persons or property as a result of the insured's negligence, similar actions or the impacting negligence of other third parties.
covers property owner against claims in which negligence has caused some injury to another party.
Protection for a property owner from claims arising from injuries or damage to other people or property.
An insurance policy that protects owners against claims of negligence, personal injury or property damage.
Professional liability coverage for legal expenses and liability to shareholders, bondholders, creditors or others due to actions or omissions by a director or officer of a corporation or nonprofit organization.
That insurance which pays and renders service on behalf of an insured for loss arising out of his or her responsibility to others imposed by law or assumed by contract.
Type of insurance covering an insured's legal liability for bodily injuries to others or damage to the property of others.
Protection that pays sums the insured is legally obligated to pay, or that the insurer has agreed to pay, as damages to others as a result of the insured's negligence. Usually provides coverage arising from alleged bodily injury or property damage to others.
(Assurance responsabilité civile) The type of insurance which covers an insured for his legal liability for bodily injuries or damage to the property of others. e.g. Automobile liability policies cover the insured's liability arising out of the use and operation of a motor vehicle. Personal liability policies cover a broad range of situations in which the company agrees to assume the legal liability of the insured.
Mandatory by Arkansas Law, this policy covers bodily injury or property damage caused to another person.
Liability insurance pays on behalf of the insured for certain types of injury to others.
Covers losses that result when an individual causes accidental injury to another person or damage to their property. If you accidentally set fire to your neighbor’s garage while burning leaves in your yard, this is the type of coverage that would apply. Liability insurance often includes coverage for defense costs in a liability lawsuit.
In auto insurance, coverage for property damage and personal injuries you cause. In homeowners insurance covers claims by other parties for injuries that occur on your property.
An insurance policy that provides cover for Legal Liability to third parties, including legal costs. Public and Product Liability Insurance are the most common forms.
A coverage that covers your financial responsibilities incase you involved in an accident where it has been found that you are at fault.
any form of coverage whereby insureds are protected for claims for DAMAGES filed against them by third parties. Most liability insurance is written by casualty companies, but some forms, especially those referring to property in the care of the insured, are underwritten in connection with fire and marine business. The insured's liability for damages under such claims may arise from his NEGLIGENCE or through the operation of a law or a contract.
Policy that protects against claims against them of property damage, personal injury, negligence, etc.
An insurance policy that offers protection against claims that a property owner's negligence resulted in bodily injury or property damage to another party. Liability on an Account Legal responsibility to repay debt.
Insurance coverage that protects you against injuries you cause to other people, or damage you cause to their property.
Insurance which agrees to indemnify the insured for sums he may be required by law to pay to third parties as damages for bodily injury or damage to property.
Insurance covering the legal liability of the insured resulting from injuries to a third party to their body or damage to their property.
Insurance coverage that offers protection against claims alleging that a property owner's negligence or inappropriate action resulted in bodily injury or property damage to another party.
insurance policy that protects property owners against claims of negligence, property damage, or personal injury.
Insurance that covers the liability a homeowner may have for damages cause by their property or negligence on their property.
Liability insurance is a part of the general insurance system of risk transference. Originally, individuals or companies that faced a common peril, formed a group and created a self-help fund out of which to pay compensation should any member incur loss. The modern system relies on dedicated carriers to offer protection against specified perils in consideration of a premium.