Third-party liability coverage

{
  "id": "MLC-T-INS-003323",
  "term": "Third-party liability coverage",
  "field": "Insurance and risk management",
  "definition": "Insurance protection that covers the insured's legal responsibility for injury or damage caused to another person or their property. This coverage pays for damages the insured is legally obligated to pay to a third party. Automobile liability insurance and general liability insurance are common forms of third-party liability coverage.",
  "url": "https://mlchart.com/terminology/insurance/third-party-liability-coverage/"
}