A form of tort which is publication of false statement in a permanent form designed to damage the reputation of another person.
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UK: Publishers may insure against libel, slander and innuendo. Professional indemnity policies have a libel extension. See INSURANCE.
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Written defamation of another’s reputation.

A statement made in print about an individual that is untrue and hurtful. The exception to this is under maritime law, wherein this term means a legal action taken against the owner of a ship.

Libel and slander are tort actions that involve the invasion of the interest, reputation and good name ofperson by communicating to others information that diminishes the esteem in which the plaintiff was held or excites adverse feelings or opinions against the plaintiff. Defamation is usually made up of the twin torts of libel and slander, the first being written, the other oral.

Libel Insurance is another form of Professional indemnity, for which a small market exists. A person libeled may sue the other, the publisher, the printer and the distributor of the libel, or any of them.

Insurance that covers the insured against legal action taken due to a statement he has written that is thought to be libelous.

A feature of property policies that promises that any future change in the company’s form that would broaden coverage with no change in premium will automatically apply under the policy currently in force.
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A clause in property insurance contracts which provides that if property or endorsement forms are broadened by legislation or ruling from rating authorities and o additional premium is required, then all existing similar policies will be construed to include the broadened coverage.

A clause stipulating that the policy will be changed to accommodate the changes mandated by legislation or rating authorities. In order for this clause to apply, no extra premium must be required.