Coverage for a policyholder’s legal liability resulting from injuries to other persons or damage to their property as a result of an auto accident.
Tag: RAW
Liability Absolute
Also known as liability without fault, is imposed where public Policy demands that a person be held liable for injury to others although the injury may be neither intentionally nor negligently inflicted. For example, a contractor would almost certainly be held liable for damages caused by vibrations of the earth following an explosive detonation With absolute liability it is usually not necessary for a claimant to establish that the operation is dangerous.
Liability Admitted
Aviation Insurance : Liability towards non-fare paying guests in an aircraft. These guests can recover damage for bodily injury without having to prove the aircraft owner or operator was at fault in causing those injuries. Liability Insurance for this exposure is written with a limit per seat in the aircraft Policy.
Liability Bailee
The liability of a Bailee for damage to property of others in his care, custody or control.
Liability Civil
Under civil liability action is brought by one party against another and dealt with according to law, resulting in payment of damages or compensation to the aggrieved party.
Liability Civil Under Common Law
A body of law consisting of past court decisions and customs and usages recognized by courts.
Liability Contingent
Liability for damages arising out of the acts or omissions of others, who are not employee or Agents of the entity held responsible.
Liability Contractual
Liability assumed under some contract such as a lease that would not be present except for the contract.
Liability Criminal
Criminal liability is enforced by the state and it results into punishment in the form of fine or imprisonment or both
Liability determination
In a Medicare case, to find out whether the beneficiary and the provider did not and could not have been reasonably expected to know that payment would not be made for services.