MLchartDataset catalogue

Liability limits

Term · Insurance and risk management · MLC-T-INS-001994

The maximum amount an insurance policy will pay for covered losses under a specific liability coverage. These limits are typically expressed as a per-occurrence amount, a per-person amount, or an aggregate amount for all claims within a policy period. Exceeding these limits leaves the insured responsible for the remaining damages.

Table 1. Record
IdentifierMLC-T-INS-001994
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001994",
  "term": "Liability limits",
  "field": "Insurance and risk management",
  "definition": "The maximum amount an insurance policy will pay for covered losses under a specific liability coverage. These limits are typically expressed as a per-occurrence amount, a per-person amount, or an aggregate amount for all claims within a policy period. Exceeding these limits leaves the insured responsible for the remaining damages.",
  "url": "https://mlchart.com/terminology/insurance/liability-limits/"
}

Record 1,924 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.