liability insurance
Coverage for damages
Liability insurance protects against claims arising from injuries or damage you cause to others.
It covers legal costs and payouts if you're found responsible: Her liability insurance covered the medical bills after the accident.
Common forms include auto liability, professional liability (for doctors, lawyers), and general liability for businesses.
It doesn't cover damage to your own property—that requires separate coverage.
Adopted principle of action
- premiumAdded cost for better
- deductibleOut-of-pocket threshold amount
- coverage limitsMaximum insurer will pay
- exclusionsThings deliberately left out
endorsements · indemnity · umbrella policy · errors and omissions · claims-made
One who calibrates
- settlementResolved dispute or colony
- damagesCompensation for injury
- claimantOne asserting entitlement
- compensationPayment for services rendered
subrogation · reimbursement · adjudication · arbitration · mediation · testimony · evidence · payout
Financial risk analyst
- risk assessmentEvaluating likelihood of harm
- insurable interestFinancial reason to insure
- exposureState of being unprotected
- bindingLegally or morally required
renewal · cancellation · policyholder · carrier · broker · agent · rating · application
Imperfection or blame
- damagesCompensation for injury
- duty of careObligation to act reasonably
- breachBreaking of agreement
- causationProduction of effects
tort · malpractice · recklessness · gross negligence · standard of care · reasonable person · professional negligence
Civil case initiator
- defendantParty facing charges
- lawsuitCivil court proceeding
- legal defenseArgument against charges
- attorneyLicensed legal representative
verdict · judgment · discovery · deposition · trial · appeal · defense costs · class action
policy
Adopted principle of action
- premiumAdded cost for better
- deductibleOut-of-pocket threshold amount
- coverage limitsMaximum insurer will pay
exclusions · endorsements · indemnity · umbrella policy · errors and omissions · claims-made
adjuster
One who calibrates
- settlementResolved dispute or colony
- damagesCompensation for injury
- claimantOne asserting entitlement
compensation · subrogation · reimbursement · adjudication · arbitration · mediation · testimony · evidence · payout · denial
actuary
Financial risk analyst
- risk assessmentEvaluating likelihood of harm
- insurable interestFinancial reason to insure
- exposureState of being unprotected
binding · renewal · cancellation · policyholder · carrier · broker · agent · rating · application · solvency
fault
Imperfection or blame
- damagesCompensation for injury
- duty of careObligation to act reasonably
- breachBreaking of agreement
causation · tort · malpractice · recklessness · gross negligence · standard of care · reasonable person · professional negligence
plaintiff
Civil case initiator
- defendantParty facing charges
- lawsuitCivil court proceeding
- legal defenseArgument against charges
attorney · verdict · judgment · discovery · deposition · trial · appeal · defense costs · class action
- insurancecoverage, underwriting, premium, claims, policyholder
- financial contractsfutures contract, forward contract, derivative, annuity, loan agreement
- financial safeguardssavings, collateral, escrow, hedging, diversification
- fixed expensesrent, salaries, lease payments, property taxes, office rent
- risk managementrisk sharing, risk analysis, risk factor, risk mitigation, risk appetite
- Vehicle Requirementslicense plate, registration sticker, driver license, seat belt, headlights
liability insuranceproperty insurance
Coverage against possession loss
property coverage · fire insurance · theft insurance · homeowners insurance · collision coverage
liability insuranceself-insurance
Assuming risk personally
health insurance · life insurance · disability insurance · no insurance · personal liability
reliable, assured, ensure, insure, insurance, assurance, liability, unreliable, reliability