Common law liability

{
  "id": "MLC-T-INS-000850",
  "term": "Common law liability",
  "field": "Insurance and risk management",
  "definition": "Legal responsibility for harm or injury that arises from principles established through judicial precedent, rather than from specific statutes. This type of liability is often based on concepts of negligence, nuisance, or strict liability developed over centuries of court decisions. It forms the foundation for many types of tort claims in jurisdictions that follow common law systems.",
  "url": "https://mlchart.com/terminology/insurance/common-law-liability/"
}