general liability insurance
1comprehensive general liability insurance — n: liability insurance for a business that usu. covers losses from products liability, premises liability, and some liabilities that the insured assumes under a contract (as a lease) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
2liability insurance — n: insurance against loss resulting from civil liability for injury or damage to the persons or property of others see also comprehensive general liability insurance Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
3general liability — UK US noun [C or U] ► LAW, INSURANCE legal responsibility for injury, property damage, or financial loss caused to others: »You want coverage for major theft, fire, general liability (should a customer get hurt) and other perils. general… …
4Business Liability Insurance — Insurance that protects a company and/or business owner in the event of a formal lawsuit or other third party claim. Coverage includes any financial liability incurred in addition to expenses related to the company s legal defense. There are… …
5Professional Liability Insurance — Insurance that protects professionals such as accountants, lawyers and physicians against negligence and other claims initiated by their clients. It is required by professionals who have expertise in a specific area because general liability… …
6Liability insurance — is a part of the general insurance system of risk financing. Originally, individuals or companies that faced a common peril , formed a group and created a self help fund out of which to pay compensation should any member incur loss. The modern… …
7Professional liability insurance — (PLI), also called professional indemnity insurance (PII) but more commonly known as errors omissions (E O) in the US, is a form of liability insurance that helps protect professional advice and service providing individuals and companies from… …
8Directors and officers liability insurance — (often called D O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful… …
9Insurance in the United States — refers to the market for risk in the United States of America. Some main features of insurance could be said to be, *the benefit provided by a particular kind of indemnity contract, called an insurance policy; *that is issued by one of several… …
10insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
