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What insurance is a contract by one seek to protect another from?

Insurance is a contract in which one party, known as the insurer, agrees to provide financial protection to another party, the insured, against specific risks or losses. This protection typically covers events such as accidents, illnesses, property damage, or liability claims. By paying a premium, the insured seeks to mitigate the financial impact of these unforeseen events, ensuring a level of security and peace of mind.


When a company seeks to acquire another is called the?

Acquisition


What is different between loan license and contract manufacturing?

The difference between loan licensing and contract manufacturing is that a loan licensing business has the ability to give out loans to their customers. A business that seeks out a contract manufacturer is looking for a company to manufacturer his or her products.


What is the Opposite of Insurance Claimant?

The opposite of an insurance claimant would be the insurance provider or insurer. While a claimant is an individual or entity seeking compensation or benefits from an insurance policy, the insurer is the company or organization responsible for evaluating claims and disbursing payments. Essentially, the claimant seeks to receive funds, while the insurer is tasked with managing risk and fulfilling claims under the terms of the policy.


What does action over indemnity mean?

"Action over indemnity" refers to a legal principle where a party seeks compensation from another party for losses incurred, rather than relying solely on contractual indemnity provisions. In such cases, the injured party may pursue a direct legal action to recover damages, which may be more advantageous than waiting for indemnification under a contract. This concept often arises in liability cases, especially in construction or insurance contexts, where multiple parties may have overlapping responsibilities. It emphasizes the proactive approach of seeking recovery rather than passively waiting for indemnification.

Related Questions

What insurance is a contract by one seek to protect another from?

Insurance is a contract in which one party, known as the insurer, agrees to provide financial protection to another party, the insured, against specific risks or losses. This protection typically covers events such as accidents, illnesses, property damage, or liability claims. By paying a premium, the insured seeks to mitigate the financial impact of these unforeseen events, ensuring a level of security and peace of mind.


A party to a contract who seeks to rescind the contract because of that partys reliance on the unintentional but materially false statement of the other party will assert?

a party to a contract who seeks to rescind the contract because of that party's reliance on the unintentional but materially


What are the exclusion clause?

A term included in a contract that seeks to limit the liability of a party under the contract


What is the deal with general auto insurance?

General Auto Insurance is an insurance company that seeks to provide you with the insurance coverage needed. They will provide you with a quote for your perusal.


When a company seeks to acquire another is called the?

Acquisition


What is another synonym for seeks?

Searches as in: "Searches for crabs"


Which government agency employs physical scientists and seeks to understand and protect the earth's environment?

EPA


What government agency employs physical scientists and seeks to understands and protect the earth's environment?

EPA


What government agency employs physical scientist and seeks to understand and protect the earth environment?

EPA


Which government agency employs physical scientists and seeks to uderstand and protect the earths environment?

Epa


What is different between loan license and contract manufacturing?

The difference between loan licensing and contract manufacturing is that a loan licensing business has the ability to give out loans to their customers. A business that seeks out a contract manufacturer is looking for a company to manufacturer his or her products.


Is availability ensured by IA?

IA seeks to ensure availability. The three broad areas that IA seeks to ensure and protect are Confidentiality, Integrity (of the information - protecting it from unauthorized changes or corruption), and Availability.