public-liability insurance

public-liability insurance
/pub"lik luy'euh bil"i tee/
insurance covering the insured against risks involving liability to the public for damages arising from negligence.

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Universalium. 2010.

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Look at other dictionaries:

  • public liability insurance — UK US noun [U] INSURANCE ► insurance that a business must have so that if it is responsible for hurting someone or causing damage to their property, it can pay them compensation : »The subcontractor must produce evidence that he possesses both… …   Financial and business terms

  • public liability insurance — Insurance that gives protection against legal liability for injury to third parties or damage to their property, arising out of and in the course of the business excluding injury or damage resulting from products supplied. Practical Law… …   Law dictionary

  • public liability insurance — Insurance protecting the insured against liability to a member or members of the public. See automobile liability insurance; liability insurance; premises liability insurance …   Ballentine's law dictionary

  • public-liability insurance — An insurance policy that pays compensation to a member of the public and court costs in the event of the policyholder being successfully sued for causing death, injury, or damage to property by failing to take reasonable care in his or her… …   Big dictionary of business and management

  • public liability insurance — noun insurance which protects the policyholder against risks involving liability to the public for legal damages occasioned by negligence …  

  • public liability insurance — noun : insurance to protect businessmen (as owners or landlords) against loss due to legal liability for injury or damage to the persons or property of the public …   Useful english dictionary

  • public-liability insurance — /pub lik luy euh bil i tee/ insurance covering the insured against risks involving liability to the public for damages arising from negligence …   Useful english dictionary

  • Liability 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… …   Wikipedia

  • premises liability insurance — Insurance protecting an owner or occupant of real property against liability to a person injured by reason of a defective condition of the premises. See public liability insurance …   Ballentine's law dictionary

  • liability insurance — insurance covering the insured against losses arising from injury or damage to another person or property. * * * Insurance against claims of loss or damage for which a policyholder might have to compensate another party. The policy covers losses… …   Universalium

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