liability insurance – an insurance policy wherein the company agrees to protect against liability arising from an act or omission of the insured, which causes injury to a third person or to their property

This page is continued from Civil Law Self-Help Walkthrough >>>> Section 1 – Torts, Breaches of Contract, and Assessing Liability >>>> Liability >>>> Legal Terms pertaining to “Liability”:

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liability insurance:

1. An insurance policy under which the insurance company agrees to protect the insured against liability arising from an act or omission of the insured that causes injury to a third person or to the third person’s property. EXAMPLES: malpractice insurance; civil liability insurance. Also see automobile insurance. [1]

References:

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[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black & Editor in Chief Bryan A. Garner. ISBN: 978-0-314-62130-6

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