0

Subjects>Law & Government>Law & Legal Issues

What does the Indemnity to Principals Clause mean?

Anonymous

∙ 11y ago

Updated: 9/20/2023

Indemnity to Principals clause means that the cover is extended to the principal in the event that he/she is sued. This is common for most insurance covers.

Wiki User

∙ 11y ago

What else can I help you with?

Related Questions

Does Liberty life have double indemnity policies?

Yes, Liberty Life does offer double indemnity policies. Double Indemnity is a clause or provision in a life insurance or accident policy to help protect people and the company.

What is an action over indemnity buyback clause?

The action over indemnity buyback clause states that property may still be acquired by previous owner by paying a certain amount plus penalties and charges. A specific time frame is given to buy the property back before it will be up for auction.

Does indemnity mean that person that was not at fault have to pay back?

no

What is the purpose and significance of a simple indemnity clause in a contract?

An indemnity clause in a contract serves to protect one party from financial loss or liability that may arise from the actions or negligence of the other party. It is significant because it helps allocate risk and responsibility between the parties involved in the contract, providing clarity and protection in case of disputes or legal issues.

What does related principals mean?

Related principals means principals that are associated. In term of money, this can be used to mean different amounts of money that are borrowed by one person from one lender which are combined as one principal amount.

What does indemnity mean?

A legal obligation to cover a liability, however arising.

What exactly does indemnity mean?

it is legal philosophy upon which the concept of most insurance policies rests. Strictly speaking, indemnity is protection from loss and damage claims filed by another person.

What is the plural of assistant principal?

Assistant Principals.

What does indemnity mean in car insurance?

It means the purpose who was not at fault will be compensated for the damage the at-fault party caused.

Are life insurance indemnity contracts?

contact of insurance is an example of indemnity contracts

When was Dumbbell Indemnity created?

Dumbbell Indemnity was created on 1998-03-01.

Where indemnity go on a trial balance?

Indemnity always goes to the credit side.

Trending Questions

What solved the problem of how states would be represented in congress? Detailed explanation of what is crime? How can I go about getting a car towed off private property? Which action would most likely cause the Equal Employment Opportunity Commission to intervene? Summary of how much land does a man need? Can you get out of being a cosigner if the other primary borrower lied on the contract about financial stability? What is a fugitive team in parole? When did the statute of limitations for robbery begin? Where was Elizabeth Stride found when she was killed by Jack The Ripper? What safety measures are in place to ensure the well-being of children undergoing anesthesia during procedures at a pediatric dentist? In prosecution opening statement does the attorney tell you what the defense will testify? How do you get a book or manuscript copywrited? How do the laws for a learner driver differ from those of a licensed driver? What were the specific requirements of the car seat law in California in 2015? When did the death penalty get abolished? Which body serves as the grand jury and convict during an impeachment trial? What are the most famous historical massacres? How should one treat an unjust law? What concept means that each person is responsible for his or her own actions? Is the copyright year the same as the first edition?

Resources

Top Categories

Product

Company

Copyright ©2025 Answers.com. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Answers.