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What is the definition of third party liability?
third party liability coverage is personal liability coverage that protects the customer from damages they incur due to the wrongful acts of others when the liable person is uninsured or underinsured. The coverage is designed to cover bodily injury, property damage and personal injury resulting from occurrences not involving an auto in which a liable third party is at fault, but is uninsured or underinsured. For example, this would cover a policyholder if a dog attacks his child and the dog owner is not insured or is underinsured, or if a policyholder is injured at a party on a deck that collapses and the homeowner is not insured or is underinsured.
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Answer Ship Pilot Liability........ Pilot liability and immunity is a very broad complex. They have very strong ties to political allies due to the money the…y give their respective State Reps. They have a very broad sense of "indemnity" up to a certain unchallenged limit. "Unchallenged limit" within this meaning is what is going on in Houston, Tx. right now. A State Commissioned Pilot is being investigated on crack cocaine sale and use......individuals have talked......the entire City Council and Port Officials are keenly aware and desperatly trying to NOT ALLOW the Feds to investigate it. This story will be in the news soon. Interesting note.....if our Federal goc. will sue a pilot for hitting a bridge....do you think they will at least look into a reported case of crack cocaine use and sale by one here in Texas........before something major happens here?
Answer . A person other than the parties to a liability policy (i.e., not the insurer nor the policyholder) is a third party .
In criminal law corporate liability will determine the extent to which a corporation can be liable for the acts and omissions of the persons it employs. In other words if empl…oyees or the employer does something wrong, can the business become liable? No because the business cant physicly be sent to jail but but rightful owner can be dependant upon what theyve done.. In criminal law corporate liability will determine the extent to which a corporation can be liable for the acts and omissions of the persons it employs. In other words if employees or the employer does something wrong, can the business become liable? No because the business cant physicly be sent to jail but but rightful owner can be dependant upon what theyve done.. In criminal law corporate liability will determine the extent to which a corporation can be liable for the acts and omissions of the persons it employs. In other words if employees or the employer does something wrong, can the business become liable? No because the business cant physicly be sent to jail but but rightful owner can be dependant upon what theyve done.
It can be defined as followed. The state of being responsible.
Third party liability means that if a driver is sued by a third party, his?æinsurance company can cover the driver for?ælosses. Insurance companies will also pay a drive…r?æup to $300 for medical expenses
In the world of workers' compensation laws, when an injured worker is paid medical and lost wage benefits by his/her employer [or] insurer, and the injury is caused by n…egligence or statutory liability of some person(s) OTHER THAN THE EMPLOYER who is paying benefits, the injured worker has a right of "action over" against the "third party." The injured workers is barred from suing his/her employer by exclusive remedy clauses in States' laws, but he can sue a "third party." Employer A Worker B Jerk C B and C are in an auto accident. B is paid workers compensation benefits by A (or its insurer). In addition, B has a right to sue C. If B gets money from C, workers' compensation laws require a pro-rated reimbursement by B to A, to the extent B has received workers' compensation benefits, a principal called a "lien." If B is paid $5,000 in workers' compensation benefits and brings an "action over" against C, and recovers $15,000, B will have to reimburse A a pro-rated amount of the $5,000 he received in workers' compensation benefits.
A company's legal debts or obligations that arise during the course of business operations.
difference between third party liability and public liability
A Limited Liability Company (LLC) is a business structure allowed by state statute that is similar to a corporation, however, owners have limited personal liability for the d…ebts and actions of the LLC. Owners of an LLC are called members. Since most states do not restrict ownership, members may include individuals, corporations, other LLCs and foreign entities, and "single members". There are, however, a few types of businesses that cannot be LLCs, such as banks and insurance companies.
Is a unit owner in a condominium can be considered as third party claimant under a comprehensive general liability insurance?
If yours is a general question, you can ask a board member to get an answer from the master insurance policy carrier, where the association's comprehensive general liability i…nsurance premium is generally paid. Also, ask about the deductible amount in the case of a claim. If you carry an HO-6 condominium unit owner's policy, you can ask your agent to verify your liability coverage under the master policy -- or potentially under your HO-6 policy. If you have a claim, again, by going through your HO-6 policy agent, you can give the opportunity to answer to the insurance companies, who will resolve the question according to the coverage that the premiums pay for. In this case, you also need to understand who pays the deductible in the case of a claim. As a citizen, generally, you would carry your own comprehensive general liability insurance, so that you're covered regardless of where you live.
An injured claimant is often a third party to the insuring contract, So the answer would be yes.
Are loans to shareholders and subsidiary companies included in third party liability when calculating your public interest score?
Go do your JHM 221 assignment u lazy bugger ;)
In Business Law
jhm haha :(
companies regulation 26(2) states that a company must calculate its public interets score at the end of each fincial year. para. (b) of the regulation states that, one point f…or every R1 million in the third party liability of the company must be added when calculating the public interest score
Third party liability for pet insurance refers to pet liability insurance, which is completely different than traditional pet health insurance. Pet liability insurance covers …claims for dog bites and other injuries related to your pet attacking or hurting another person or animal. It will pay legal fees and medical bills. Pet health insurance on the other hand pays for medical bills if your dog or cat gets sick or injured. It's important to understand that these products are completely different and sold by different companies.
Third party liability insurance is useful if you are blamed for having caused an accident and someone wishes to file a claim against you. With third party insurance you are in…sured for claims up to a predetermined amount.
The limited liability company is a hybrid legal entity that has both the characteristics of a corporation and of partnership. An LLC provides its owners with corporate like pr…otection against personal liability.