Liability insurance

Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?

Not only has Crowder escaped the burden of professional liability insurance, he's also no longer routed from sleep by a jangling telephone.

Malpractice insurance rates reach boiling point: Physicians burned by lawyers, lawsuits and jury awards. (Doctors, Lawyears and Lawsuits)

* Whether existing rules and/or applicable law allow, or should allow, insurance companies and their salaried lawyer employees who represent and defend liability insurance policyholders to present testimony by their expert witnesses that payment for their services are by the defense "law firm or lawyer" when payment is made directly by the liability insurance company or by the salaried lawyer employee.

Insurance Practice Commission seeks comments from lawyers

Another merit is that this book well summarizes the basics of property and liability insurance contracts, including homeowners insurance, automobile insurance, commercial property insurance, commercial general liability insurance, and others.

Property and Liability Insurance Principles, 2d ed

Speak to an entertainment insurance broker for more information about liquor liability insurance and how to acquire a policy.

LA Specialty Insurance Agency Discusses Dram Shop Liability Insurance

- Liability Insurance in the UK to 2018: Market Databook

Report Published: "Liability Insurance in Singapore to 2018: Market Databook"

Earned premiums of property and liability insurance were Dh21.5 billion, according to the Insurance Authority's annual report.

Insurance sector premiums in UAE up 12.2 per cent at Dh29.5b

We are proud to be hosting the Professional Liability Insurance Forum; we are always on the lookout for ways to help the industry to expand and share best practice."

Tamkeen conference scheme to support first gulf professional liability insurance forum

Coverage available: Bankers professional liability insurance, D&O liability, financial institution bond, mortgage impairment E&O, trust department E&O, lenders liability insurance, lenders environmental insurance, Internet liability, real estate owned insurance, EPL, fiduciary liability, kidnap/ransom, professional liability, crime bonds and cyber liability, including privacy liability.

Financial institutions insurance

Are there any circumstances in which employers'' liability insurance is not needed?

Employment Issues; With Joe Michna, Hartlepool Citizens' Advice Bureau manager

The bill would provide that such insurance coverage must include garage liability in a minimum amount of $300,000, and for garage keepers liability insurance at $50,000, instead of $300,000.

Assembly bill would lower required garage keepers liability

There is some confusion about the type of liability insurance needed to address fiduciary risks even among insurance professionals.