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General Liability

  • Liability: Any legally enforceable obligation

  • Liability Insurance: Insurance covering the policyholder's legal liability resulting from injuries to other persons or damage to their property

  • Liability Insurance: Provides protection for the insured against loss arising out of legal liability to third parties

  • Liability Limits: The stipulated sum or sums beyond which an insurance company is not liable to protect the insured

  • Liability Without Fault: Principle on which workers compensation is based, holding the employer absolutely liable for occupational injuries or disease suffered by workers, regardless of who is at fault

 


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