MLchartDataset catalogue

Third-party claims

Term · Insurance and risk management · MLC-T-INS-003321

Demands for compensation made by individuals or entities who are not directly party to an insurance contract but have suffered harm due to the actions of an insured. These claims arise when an insured's actions cause injury or damage to another person or their property. Liability insurance policies are designed to cover such claims, defending the insured and paying covered damages.

Table 1. Record
IdentifierMLC-T-INS-003321
FieldInsurance and risk management
SubjectEmployment Practices Liability
Record as JSON 
{
  "id": "MLC-T-INS-003321",
  "term": "Third-party claims",
  "field": "Insurance and risk management",
  "definition": "Demands for compensation made by individuals or entities who are not directly party to an insurance contract but have suffered harm due to the actions of an insured. These claims arise when an insured's actions cause injury or damage to another person or their property. Liability insurance policies are designed to cover such claims, defending the insured and paying covered damages.",
  "subject": "Employment Practices Liability",
  "url": "https://mlchart.com/terminology/insurance/third-party-claims/"
}

Record 3,411 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.