MLchartDataset catalogue

Proportional liability

Term · Insurance and risk management · MLC-T-INS-002730

A legal principle where multiple parties responsible for a loss are held liable only for their respective share of fault. This contrasts with joint and several liability, where each party can be held responsible for the entire loss. Many jurisdictions have adopted proportional liability for certain types of claims, particularly in professional negligence cases.

Table 1. Record
IdentifierMLC-T-INS-002730
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002730",
  "term": "Proportional liability",
  "field": "Insurance and risk management",
  "definition": "A legal principle where multiple parties responsible for a loss are held liable only for their respective share of fault. This contrasts with joint and several liability, where each party can be held responsible for the entire loss. Many jurisdictions have adopted proportional liability for certain types of claims, particularly in professional negligence cases.",
  "url": "https://mlchart.com/terminology/insurance/proportional-liability/"
}

Record 2,757 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.