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liability insurance |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia, Hutchinson | 0.09 sec. |
liability insuranceInsurance against claims of loss or damage for which a policyholder might have to compensate another party. The policy covers losses resulting from acts or omissions that are legally deemed to be negligent and that result in damage to the person, property, or legitimate interests of others. It was principally the introduction of the automobile that spurred the rapid growth of this form of insurance, which now extends to a great many activities in addition to driving, including malpractice insurance for doctors and other professionals, marine liability for boat owners and operators, and product liability for manufacturers of consumer goods. See also casualty insurance, consumer protection. |
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Eventually, nursing home liability insurance became unavailable at any cost in Florida and Texas. It has come to APTA's attention that a group calling itself the American Physical Therapist Organization (APTO) is marketing a professional liability insurance plan to the physical therapy community. The New York State Builders Association Board is six to eight weeks away from writing their own liability insurance to fill the need for affordable coverage for contractors. |
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liability insurance
