general liability policy

  • 1general 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… …

    Financial and business terms

  • 2general accident policy — A contract insuring against accidents happening to the person of the insured, without limitation as to the means of or the occasion, that is, not limited to accidents involving motor vehicles, airplanes, etc. Employers Liability Assur. Corp. v… …

    Ballentine's law dictionary

  • 3Liability 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… …

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  • 4Professional 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… …

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  • 5General Motors — Company Type Public Traded as NYSE: GM TSX:  …

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  • 6General average/New version — Average in maritime commerce to signify damages orexpenses resulting from the accidents of navigation. Average is either general or particular. General average arises when sacrifices have been made, or expenditures incurred, for the preservation… …

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  • 7General Motors Chapter 11 reorganization — The General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through section 363 of Chapter 11, Title 11, United States Code in the United States Bankruptcy Court for the… …

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  • 8Professional 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… …

    Investment dictionary

  • 9asset and liability management committee — ALCO A senior management committee of a bank or financial institution that has overall responsibility for setting and overseeing risk control policies in relation to the balance sheet (see asset liability management; gap analysis). In some cases… …

    Big dictionary of business and management

  • 10Online Copyright Infringement Liability Limitation Act — OCILLA redirects here. For the town in Georgia, United States, see Ocilla, Georgia. Online Copyright Infringement Liability Limitation Act Full title To amend title 17, United States Code, to implement the World Intellectual Property Organization …

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