Liability insurance


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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 ?
The companies that qualify as a certified technology will still have to purchase liability insurance, Biagini said, because governmental immunity is not an absolute defense.
The question points to one of the fundamental differences between claims-made liability insurance and its occurrence cousin.
Plot 3B Uden - Liability insurance based on great workplaces;
The PIAA is an association of doctor/provider-owned and/or operated medical professional liability insurance companies which insure more than 60 percent of America's private practicing physicians as well as dentists, hospitals, and other healthcare providers.
offers employment practices liability coverage to medical professionals who carry the company's professional liability insurance.
In addition to coverage for third-party liability, the new Security & Liability Insurance will respond to specified costs of crisis management when a security breach occurs, including costs to notify consumers of a data breach as required by law, costs to provide credit monitoring, and other related services for consumers affected by a data breach.
Ronnie Musgrove has signed into law a bill enacting the state's first mandatory automobile liability insurance requirements.
Its offerings include professional liability insurance on both claims-made and occurrence forms across the healthcare spectrum, risk management consulting and education, premium finance solutions and - through affiliates and partners - additional financial products and services for its healthcare providers.
Object of the contract has been divided into the following two parts Part I: motor insurance in respect of 1) the compulsory civil liability insurance of vehicle owners,2) liability insurance of vehicle owners moving overseas Green Card (UK)3) insurance of vehicles against damage and loss AUTO CASCO,4) accident insurance,5) Insurance AssistancePart II: property insurance and liability MPK Lublin Sp.
BOSTON -- ProMutual Group, a leading provider of medical malpractice liability insurance in the Northeast, recently launched ProSolutions Insurance Company, an alternative insurance entity that will assist medical facilities and groups in controlling the cost of their insurance premiums.
2 activity and product liability insurance services.
The Physician Insurers Association of America (PIAA), a national trade association that represents doctor-owned and/or operated medical professional liability insurance companies, today reported that an analysis of data from a 48 company composite sample of medical malpractice specialty writers shows a return to profitability for only the second time in the last eight years.