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No difference. It's the same thing
The terms professional indemnity (PI) and professional/public liability (PL) differ in that PI covers for errors, omissions and neglect regarding advice, designs or plans that you put forward that lead to a financial loss or injury to your client. PL covers the public against any injury that is caused during the process of your day. For example a builder that accidental drops a brick and it breaks a member of the public's foot - PL kicks in and pays all associated damages.
There is no difference between Contingent Liability and Off Balance Sheet Liability.
difference between third party liability and public liability
They are one and the same thing. The term "Malpractice Insurance" to describe a professional liability insurance policy is most often used in the medical professions and sometimes legal professions.
Difference between horse liability and stableman coverage
Difference between skilled and Professional is skilled is you knowledge and Professional is you way how to work with people.
In strict liability, there are certain defenses available whereas in absolute liability, there are none.
When indemnity (often called short-term) insurance contracts are concluded the insured is entitled to recover the actual commercial value of what he has lost through the happening of the insured event, be such event damage to property, fire, theft, public liability or marine insurance. In non-indemnity insurance the sum which the insured is entitled to receive from the insurer does not necessarily bear any relation to the actual loss, if any, suffered by the insured. Life insurance contracts, personal accident and sickness insurance are examples of non-indemnity insurance. Rgds max_jaret@yahoo.com
The difference between employers liability and public liability are simple. Employer liability insurance covers only claims made by the employees against the company. Public liability covers claims against the company by the general public as well as third parties claims.
Liability - is something covered by law. Obligation - is something you're 'expected' to do.