answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered
2010-01-23 23:20:21
2010-01-23 23:20:21

Lessors risk coverage is for the owner of a property that leasing it to a tenant and needs a policy to cover their interest in the building and liability for third party claims. Property liability or general liability is typically included under the lessors risk policy and protects the owner from claims by third parties. For example, if I was walking up stairs in a building, slipped and fell resulting in a broken arm the owner could be found responsible for my injuries.

001
๐Ÿฆƒ
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions



difference between third party liability and public liability


Property owners Liability is the financial , legal liability attaches to property owners due to their property, where as tenants libility vice versa



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.



Technically, there is no difference between the two, besides the fact that many of the public and product liability risks are often covered together under a general liability policy. These risks may include bodily injury or property damage caused by direct or indirect actions of the insured. You can read more about public liability insurance on the Bizcover website in related links


difference between strict liability and tortious liability


Full coverage auto insurance covers everything. If the car is totaled they will will replace it. Liability auto insurance will only cover medical bills, and not the car if it is totaled.


There is no difference between Contingent Liability and Off Balance Sheet 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.


I think you might be confusing terms. Marine liability can be written to cover the liability from marine operations like operating cargo ships, etc. There is also hull liability (property for the marine vessels). General liability is a broader more expansive term and the policies can be written to include or exclude tons of different types of coverages, but you won't find liability coverage for marine vessels inside general liability insurance. Work with a broker to understand your risk and get the right insurance in place.


General liability refers to products completion and labor, while cargo is specific to transportation, such as hauling equipment or goods. The cargo insurance would kick in if there was damage to the goods in transit. General liability would cover goods in your warehouse or on the docks.


If you mean the difference between General Liability (GL) and Director's and Officer's Liability (D&O), GL typically covers your products, premises and operations, advertising and personal injury liability. D&O covers the liability arising from the operations and decisions of the directors and officers of an organization. Because directors can be personally liable for their decisions, whether for a corporation, limited liability company, non-profit or other form of an organization, D&O provides specific coverage for their liability.


Collision protects you and your car if you are in an accident, liability protects whomever you may hit.


It should, there is virtually no difference between private property and public property when it comes to accidents.


Without liability insurance, should there be any accident on the property, the association will be liable to pay for defending the claim, and potentially the claim for damages.Often the trade-off between liability insurance premiums and the hourly rate for defense attorneys indicate the it's less expensive to pay the liability insurance premiums.Your governing documents will help you define your requirement as an association insofar as carrying liability insurance is concerned. Usually, carrying it is mandatory.


Liability insurance pays for someone else's damages if an accident is your fault but won't cover your vehicle. Full coverage provides liability insurance as above but will also cover your damages to your own vehicle in an accident regardless of whose at fault, as well as theft, fire, etc.


Farm Liability is often a Farm Comprehensive Personal Liability coverage form and generally covers the land on which you farm as well as the products which you produce as a farmer. It covers the personal liability for the insured(s) as well as the farm exposures. There is some off-farm property coverage often written on a Farm Package. Vacant Land General Liability provides protection for the undeveloped vacant property. The definition of vacant property / vacant land is an important item to review in the coverage form. If it's to be undeveloped land and a the insured is putting a road in and / or developing the site, one might need a different class code.


So called gap insurance covers only the difference between the value of your vehicle and what you owe to the bank. It offers no other protections such as personal injury & liability, or collision.


Difference between horse liability and stableman coverage



In strict liability, there are certain defenses available whereas in absolute liability, there are none.


What is the difference between voluntary life insurance and life, ad/d?


Professional Liability insurance provides coverage for claims that may arise from the practice of your profession. Personal Liability Insurance provides coverage for claims that may arise from your daily life activities.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.