liability insurance definition

liability insurance

Policy that covers civil liabilities to third parties, arising from bodily injury, property damage, or other wrongs due to the action or inaction of the insured. It covers only civil liabilities and not criminal liabilities.

liability insurance is in the General, Marine, & Life Insurance subject.

liability insurance appears in the definitions of the following terms: aggregate limits, contractor's all risks insurance, aviation insurance, primary insurance, self-insured retention (SIR), civil liability, legal liability, umbrella liability coverage and occurrence

liability insurance appears in the other terms: professional liability insurance, errors and omissions liability insurance, general liability insurance, employer's liability insurance, product liability insurance, malpractice liability insurance

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