What is an example of a liability insurance?
Bodily injury includes any injury to a third party, like a customer or client, that happens at your business. For example, if a customer enters your flower shop, slips on your wet floor and breaks their leg, your general liability insurance can help cover the cost of their medical bills.
What is Liability Car Insurance?
What is the meaning of liability in insurance?
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.
What is LIABILITY INSURANCE? What does LIABILITY INSURANCE mean? LIABILITY INSURANCE meaning
What is the meaning of liabilities in insurance?
The term liability insurance refers to an insurance product that provides an insured party with protection against claims resulting from injuries and damage to other people or property. Liability insurance policies cover any legal costs and payouts an insured party is responsible for if they are found legally liable.
Liability Insurance Explained – Home & Auto
What is an example of a liability insurance?
Bodily injury includes any injury to a third party, like a customer or client, that happens at your business. For example, if a customer enters your flower shop, slips on your wet floor and breaks their leg, your general liability insurance can help cover the cost of their medical bills.
Introduction To Liability Insurance
What does liability mean in an accident?
The general definition of liability means “the state of being legally responsible for something.” In the case of an insurance claim, liability means that the party described by that term bears legal responsibility for the actions that caused another party’s injuries or severe property damage.
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