public-liability insurance n (Insurance) (in Britain) a form of insurance that pays compensation to a member of the public suffering injury or damage as a result of the policyholder or his employees failing to take reasonable care Collins English Dictionary – Complete and Unabridged, 12th Edition...
The meaning of PUBLIC LIABILITY INSURANCE is insurance to protect businessmen (as owners or landlords) against loss due to legal liability for injury or damage to the persons or property of the public.
The meaning of LIABILITY is the quality or state of being liable. How to use liability in a sentence.
Liability insurance is an insurance policy that can be purchased by business owners as protection against expenses due to personal injury or property damage.Liability Extended DefinitionLiability insurance policies can offer protection for business owners against payments as the result of property damage, ...
liability insurance in the Insurance topic by Longman Dictionary of Contemporary English | LDOCE | What you need to know about Insurance: words, phrases and expressions | Insurance
Liability insurance is a general term to describe different types of insurance coverage that helps protect you or your business if someone files a lawsuit or reports a claim against your company. What Is Liability Insurance Coverage? Liability insurance helps protect you financially if you’re foun...
If the CPA hadn't had professional liability insurance, he would have been forced to manage the defense of the case himself, taking away from his billable hours and income. It could never happen to me, or could it? "There is a lot of potential for insurance firms to provide and strength...
liability insurance has certain limits in terms of coverage. These limits specify the maximum amount that an insurer will pay towards a claim. The limits are usually outlined in the insurance policy and can vary based on several factors, including the nature of the business and the number of ...
Understanding Personal Liability Insurance Personal liability insurance is one type of a broader coverage category known asliability insuranceor "third-party insurance." Several varieties of liability insurance exist, but they all have in common one crucial element: They cover not mishaps to you but ...
Liability can also refer to one's potential damages in a civil lawsuit. Liability may also refer to the legal liability of a business or individual. Many businesses take out liability insurance in case a customer or employee sues them for negligence.1 ...