Liability insurance (also called third-party insurance ) is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims and protects the insured if the purchaser is sued for claims th...
English Noun liability insurance ( usually uncountable , plural liability insurances ) Any insurance against a potential loss due to the insured's liability for injury or damage to others....
Commercial general liability insurance is a broad type of insurance policy which provides liability insurance for general business risks. In the United States insurance market this is known as Commercial General Liability (CGL). It is the "first line" of coverage that a business typically ...
Liability insurance provides the insured party with protection against claims resulting from injuries and damage to people and/or property.
Contractual liability insurance protects against liabilities that policyholders assume when entering into a contract.
Directors and officers liability insurance (also written directors' and officers' liability insurance ; often called D&O ) is liability insurance payable to the directors and officers of a company, or to the organization itself, as indemnification (reimbursement) for losses or advancement ...
A policyholder’s personal liability insurance pays for covered losses and damages sustained by third parties, along with related legal costs. Learn how it works.
Business liability insurance protects a company and/or business owner in the event of a formal lawsuit or any third-party claim.
우연한 사고로 인하여 타인의 신체나 재물에 손해를 입혀 법률상의 배상책임을 부담함으로써 입히는 손해를 보상하는 보험이 배상책임보험(Liability insurance)이다. 배상책임보험(Liability insurance)의 구분 첫째...
liability insurance, 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. In comparison with most other forms of insurance, liability insurance is a relatively recent phenomenon. A very modest amount was written before 1890, but it was principally the introduction of the automobile after that year that spurr ...