BNET Business Dictionary
Business Definition for: Liability Insurance
- insurance against legal liability that the insured might incur, for example, from causing an accident
Wiktionary Definition for: Liability Insurance
- any insurance against a potential loss due to the insured's liability for injury or damage to others
Additional Resources
- Contractural liability under CGL still in flux.(commercial general liability insurance)(The FC&S Answer)(Column)
- This Insurance Services Office stood the commercial liability insurance world on its ear a few years ago when it announced its conclusion that the contractual liability cover of its commercial general liability policy does not necessarily cover the defThis Insurance Services Office stood the commercial liability ...
- Research articles 1995-11-27
- Carson awards liability insurance to Municipal Mutual Insurance Co
- LOS ANGELES--BUSINESS WIRE--Sept. 1, 1995--The city of Carson has chosen the Municipal Mutual Insurance Co. in Gardena, Calif., to provide its liability coverage.The $212,000 policy covers general liability, automobile liability, personal injury, police professional liability and claims rising from errors and omission by public officials. The city's 1994 liability...
- Research articles 1995-09-01
- Tort Liability, Insurance Rates, and the Insurance Cycle
- This paper provides an overview of volatility in premiums, coverage availability, and insurers' reported profits in U.S. commercial general liability insurance and of its broad relation to the U.S. tort liability system. The paper begins with a synopsis of the "perfect markets model" of insurance prices (sometimes called the arbitrage...
- White papers 2004-01-22
- Is Fiduciary Liability Insurance the New D&O?
- Fiduciary liability insurance covers pension fund trustees and retirement plan sponsors' directors and officers for claims asserting violations of fiduciary duty under the Employee Retirement Income Security Act ERISA. Monitoring the fiduciary liability insurance market is like watching a rerun of a bad movie. In the wake of the corporate...
- White papers 2004-01-01
- Contractors Liability Insurance - Contractors General Liability Insurance
- Commercial General Liability Insurance CGL is the focus of a slew of law suits. Accordingly, there are many things you need to know about securing a Commercial General Liability Insurance Policy. Although this coverage helps to protect you and your company's assets by providing a layer of defense against several...
- White papers 2009-01-01
- International Property-Liability Insurance Consumption
- This article explains a substantial proportion of the variation in property liability insurance consumption across countries belonging to the Organization for Economic Cooperation and Development OECD. The study focuses on two lines of insurance: motor vehicle and general liability. The authors' analysis indicates that economic conditions affect the demand for...
- White papers 2000-06-02
- Directors And Officers Liability Insurance
- In recent years, directors and officers liability insurance has become a core component of corporate insurance. As many as 95% of Fortune 500 companies maintain directors and officers ("D&O") liability insurance today. Furthermore, it has become a commonplace of the financial world that disappointed investors will charge corporations and their...
- White papers 2003-01-01
- Individual Liability Insurance: Additional Protection For Independent Directors
- In the wake of recent corporate governance scandals, independent directors of public companies face increased levels of scrutiny and heightened prospects for the risk of personal liability. Recent court decisions have criticized directors of public and private companies for insufficient attention to their duties. In response to the ongoing tide...
- White papers 2003-11-19
- Directors and Officers' Liability Insurance
- Directors and Officers' liability insurance was originally used primarily by financial institutions for protection against specific "wrongful acts." Over the years, Directors and Officers' liability, or "D&O," insurance has come to be a necessity not only for financial institutions, but all companies whose directors and/or officers may face potential liability...
- White papers 2002-10-02
- Nasdaq to acquire Carpenter Moore, management liability specialists; Acquisition establishes NASDAQ insurance business as top 10 provider of management liability insurance.
- M2 PRESSWIRE-7 September 2005-NASDAQ: Nasdaq to acquire Carpenter Moore, management liability specialists; Acquisition establishes NASDAQ insurance business as top 10 provider of management liability insuranceC1994-2005 M2 COMMUNICATIONS LTD RDATE:07092005 New York -- The Nasdaq Stock Market, Inc. (NASDAQ ; NDAQ), ...
- Research articles 2005-09-07
- Liability insurance levels decline, survey shows
- Faced with escalating insurance costs and a soft economy, U.S. businesses, Fen average, have reduced their level of liability insurance purchased. Meanwhile, costs associated with injuries and court awards continued to rise, resulting in a widening gap for many businesses between their potential liability risk and their insurance protection. The...
- Research articles 2003-10-15
- Lawmakers take a second run at liability insurance
- Lawmakers take a second run at liability insurance Ask manufacturers to name their main business concerns and liability insurance will hover near the top of most lists. Insurance rates have taken a quantum leap in recent years, say manufacturers, adding to production costs and stifling innovation. For...
- Research articles 1989-05-01
- Employment Practices Liability Insurance - EPLI Insurance
- Employment Practices Liability Insurance covers businesses and business owners against claims by workers, employees or ex-employees that their legal rights as employees have been violated. Lawsuits filed by employees or ex-employees against their employers has been rising. Recently, with the increase of layoffs due to a weak economy or faltering...
- White papers 2009-01-01
- Regulator seeks court OK of EMLICO liquidation pact. (Massachusetts Insurance Commissioner Linda Ruthardt; Electric Mutual Liability Insurance Co.)
- BOSTON - The Massachusetts Insurance Commissioner is asking a state court to approve a settlement under which it would participate in overseeing the liquidation of Electric Mutual Liability Insurance Co. in Bermuda. Reinsurers of EMLICO, however, contBOSTON - The Massachusetts Insurance Commissioner is asking a state...
- Research articles 1997-03-17
- EMLICO deal in limbo: judge wants court to decide redomestication issue first. (settlement of Massachusetts Insurance Div. with Electric Mutual Liability Insurance Co.)
- BOSTON - A state Supreme Court judge has refused to rule on the Massachusetts Insurance Division's proposed settlement with Electric Mutual Liability Insurance Co. until the entire court can decide whether EMLICO's redomestication and the settlement deBOSTON - A state Supreme Court judge has refused to rule...
- Research articles 1997-06-30
- Insurance insight: if you can't find or afford adequate liability insurance, you're not alone.(The NAHB Research Center Corner) (National Association of Home Builders)(Brief Article)
- LIABILITY INSURANCE GIVES BUILDERS coverage for damages resulting from third-party claims such as bodily injury and property damage. In recent years, insurance coverage for builders has become dramatically less available, and builders are seeing enor LIABILITY INSURANCE GIVES BUILDERS coverage for damages resulting from third-party...
- Research articles 2003-12-01
- Lloyd's fights EMLICO deal. (Lloyd's of London; Massachusetts Insurance Division's receivership of Electric Mutual Liability Insurance Co.)
- BOSTON - Lloyd's of London underwriters are seeking permission to intervene in court proceedings on a proposed settlement that would make the Massachusetts Insurance Division U.S. receiver for the hugely insolvent Electric Mutual Liability Insurance CoBOSTON - Lloyd's of London underwriters are seeking permission to intervene...
- Research articles 1997-03-24
- Regulator changes tune. (Electric Mutual Liability Insurance Co.'s 1995 move to Bermuda)
- EMLICO would have been blocked if full info provided: Official BOSTON - The testimony could not have been what Electric Mutual Liability Insurance Co. wanted to hear: A Massachusetts Insurance Division official having second thoughts about approving EMEMLICO would have been blocked if full info provided: Official...
- Research articles 1996-07-01
- State judge to assess EMLICO deal: reinsurers, regulators battle over settlement. (Electric Mutual Liability Insurance Co.)
- BOSTON - A state judge will soon decide the fate of a controversial settlement deal in which the Massachusetts Insurance Division would become ancillary receiver of the defunct Bermuda-based Electric Mutual Liability Insurance Co. Supreme Judicial CouBOSTON - A state judge will soon decide the fate...
- Research articles 1997-05-12
- Massachusetts may oversee EMLICO runoff. (Electric Mutual Liability Insurance Co.)
- BOSTON - The Massachusetts Insurance Division may become ancillary receiver of the defunct Electric Mutual Liability Insurance Co. under a proposed agreement that would keep EMLICO's liquidation in Bermuda. Under a deal still being negotiated last weekBOSTON - The Massachusetts Insurance Division may become ancillary receiver...
- Research articles 1997-03-10
