Liability insurance


 

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Liability insurance

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.

Liability insurance

Insurance guarding against damage or loss that the policyholder, may cause another person in the form of bodily injury or property damage.



Liability insurance

Similar Matches

Unlimited liability

Unlimited liability

Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.


Joint and several liability

Joint and several liability

An undertaking by a group of two or more people to be responsible, either individually or jointly, for any liability which may exist after any member or members have failed to meet their obligations. For example if a group of four people enter into a joint and several liability on a bank loan, then in the event of two of the members reneging on their obligations the remaining two members become fully responsible for the repayment of the loan.


Funded Liability

Funded Liability

A source of funds that a firm must take overt action to arrange and that carries an interest cost.


Limited liability instrument

Limited liability instrument

A security, such as a call option, in which the owner can lose only the initial investment.


Contingent pension liability

Contingent pension liability

Under ERISA, a firm is liable to its pension plan participants for up to 39% of the net worth of the firm.


Further Suggestions

Umbrella personal liability policy
limited liability
Lender liability lawsuits
Liability
joint liability
umbrella personal liability insurance
Tax liability
Contractual liability
Joint liability
Limited liability
Noncurrent liability


 
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