US: Coverage for losses to a third party for which the insured is vicariously liable. Contingent liability can be assumed—for example, for losses arising from product or service failure, where the insurer has assumed liability by providing a performance warranty.
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MEDICAL,USA: Legal responsibility of individuals, corporations, or partnerships, for injuries or accidents caused by persons (other than employees) for whose actions or omissions the individuals, corporations, or partnerships are responsible.
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US: Liability arising out of work done by independent contractors for a firm. A firm may be liable for the work done by an independent contractor if the activity is illegal, the situation does not permit delegation of authority, or the work is inherently dangerous.
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Liability imposed on a business entity (individual, partnership, or corporation) for acts of a third party for which the business entity is responsible.
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Liability imposed upon one party because of accidents caused by persons (other than employees) for whose acts the first party is responsible through the operations of applicable laws.
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UK: Liability that arises in a secondary way as in the case of vicarious liability. See CONTINGENT LIABILITY COVER.