Liability is central to both civil and criminal law, determining how obligations and duties are enforced within societal and contractual relationships. 6 Indemnity is a form of safeguard against loss or liability, typically provided through contractual agreements, insurance policies, or legal statutes. ...
What is a Civil Liability? What is Legal Liability? What are Extenuating Circumstances? Discussion Comments Byanon129090— On Nov 22, 2010 I am opening a new company. I would like to know how should the company be formed to stop creditors from getting to the funds the new company is makin...
Animal liability is a different beast. What coverage parts are triggered by covered perils? A standard homeowners insurance policy includes six coverage parts, four of which can be triggered when a covered peril damages a particular aspect of your property. Dwelling coverage Also called Coverage A,...
Loss of Use Coverage: If your home becomes uninhabitable due to a covered peril, loss of use coverage can help pay for additional living expenses, such as hotel bills and restaurant meals, while your home is being repaired. Liability Coverage: Liability coverage protects you against legal actions...
Education What Is Civil Engineering? Education What Are the Different Types of Academic Qualifications? Education In What Country Is It Easiest to Become a Doctor? Education What Are Technical Schools? Education What Is a Professional Degree?
Law firms often carry lawyers' malpractice insurance policies with high liability coverage. When verdicts call for excess of what the insurance policy would pay, the legal firm is responsible for settling the difference. A typical case where lawyers' malpractice insurance would be necessary could be...
Civil What Is Tangible Property? Family What Is a Life Tenant? Related Articles Discussion Comments ByBuster29— On Feb 25, 2014 @Reminiscence, that's one reason why it rarely pays to get cheap homeowner insurance. Some cut-rate insurance companies will use an "act of nature" or "act of...
Collision coverage: Collision coverage will reimburse you for damage to your vehicle or another object when you’re at fault, whereas property damage liability covers only damage that is someone else’s fault. However, collision coverage doesn’t include normal wear and tear or damage from potholes...
Professional liabilityinsurance policiesare usuallyclaims-made, which means coverage is good only for claims made and events occurring while the policy is active. You might also findoccurrencepolicies, which means you're covered if an incident occurred while you had coverage—even if you let your p...
Professional indemnity insurance provides a critical layer of protection for service providers. Often these professionals might also need other forms of liability coverage such as general liability insurance or product liability coverage. Those purchasing indemnity policies can also addendorsements. An endorse...