Terms Beginning With 'l'

Liability Insurance

  • January 15, 2020
  • Team Kalkine

Liability insurance, also known as third-party insurance, is a part of the general insurance system that offers the insured party with safety against claims resulting from injuries and damage to property and/or people.

These insurance policies cover up both legal expenses as well as other payments that would be accountable for the insured party. Liability insurance generally does not cover intentional damage and contractual liabilities.

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