MLchartDataset catalogue

Primary liability

Term · Insurance and risk management · MLC-T-INS-002660

The direct legal responsibility for an action or omission that causes harm or injury to another party. This obligation exists regardless of any other parties who may also be held responsible. It is distinct from secondary or contingent liability, which arises from a relationship with the primarily liable party.

Table 1. Record
IdentifierMLC-T-INS-002660
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002660",
  "term": "Primary liability",
  "field": "Insurance and risk management",
  "definition": "The direct legal responsibility for an action or omission that causes harm or injury to another party. This obligation exists regardless of any other parties who may also be held responsible. It is distinct from secondary or contingent liability, which arises from a relationship with the primarily liable party.",
  "url": "https://mlchart.com/terminology/insurance/primary-liability/"
}

Record 2,676 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.