Liability insurance coverage
Term · Law · MLC-T-LAW-003020
Insurance that protects the policyholder against financial loss arising from legal responsibility for injuries or damages caused to another party. This coverage typically pays for legal defense costs and any judgments or settlements up to the policy limits. Common types include general liability, professional liability, and auto liability insurance.
| Identifier | MLC-T-LAW-003020 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003020",
"term": "Liability insurance coverage",
"field": "Law",
"definition": "Insurance that protects the policyholder against financial loss arising from legal responsibility for injuries or damages caused to another party. This coverage typically pays for legal defense costs and any judgments or settlements up to the policy limits. Common types include general liability, professional liability, and auto liability insurance.",
"url": "https://mlchart.com/terminology/law/liability-insurance-coverage/"
}
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