Liability insurance


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Related to Liability insurance: Professional Liability Insurance, Business Liability Insurance

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

An insurance policy that guards the policyholder from legal expenses resulting from a lawsuit. This includes both attorneys' fees and damages that the policyholder must pay. Liability insurance is common in professions in which lawsuits are common, such as the medical field. A physician may buy liability insurance to protect himself/herself from the possibility that a patient will sue her for malpractice, negligence, or for any other reason. Premiums on liability insurance are sometimes considered prohibitively expensive, depending on the profession.
References in periodicals archive ?
Lot 5 fifth line of the SNCF Group liability insurance program.
With so much at stake," Thomas said, "it's surprising and unfortunate that an estimated two out of three bars, restaurants and clubs don't have liquor liability insurance.
Environmental liability insurance may also cover third-party bodily injury and property damage claims and defense costs arising out of a pollution event.
It is imperative that owners and directors with fiduciary responsibilities examine their general liability insurance to confirm the scope of their coverage for employee benefits liability, if any.
For this particular scenario, K & K provides general liability insurance to the instructor who might be doing some private instruction at a facility he or she might be leasing.
When Brazilian companies run through their general liability insurance and their sudden-and-accidental pollution insurance, their coverage often does not cover accidents involving underground equipment, like fuel or industrial waste tanks, and it usually only includes, as part of its off-site coverage, residential and industrial areas, not the environment in general, says Walter Polido, the technical and juridical director of the Brazilian office of Munich RE, a German insurer.
Healthcare Provider Service Organization (HPSO) currently protects over 70 different professions nationwide with a professional liability insurance policy.
Rising liability insurance costs are taking a toll on outdoor adventure and the emerging ecotourism operators in northeastern Ontario who have either seen their rates leap dramatically or have had their policies cancelled.
Insurers' sharpened focus on corporate governance, policy changes and potential increased litigation combine to drive major changes in director and officer liability insurance in a tightening market.
Recent news reports concerning the accounting profession have generated inquiries as to the stability of the AICPA Professional Liability Insurance Program.
Mealey Publications (King of Prussia, PA), a unit of LexisNexis (Dayton, OH), has begun the publication of two new subscription titles, including Employer Liability Insurance Report and California Section 17200 Report.
This melange of costly ingredients has professional liability insurance rates at a boiling point for physicians and all of health care.