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What is the difference between contingent liability and off balance sheet liability?
There is no difference between Contingent Liability and Off Balance Sheet Liability.
Is there a difference between public liability and third party insurance?
difference between third party liability and public liability
The two aspects of general liability protection are?
Indemnity and defense
How do you use the word indemnity in a sentence?
The company paid an indemnity to the city for the street damage done by its trucks. The indemnity policy protected the bank's directors from any personal liability.
What does indemnity mean?
A legal obligation to cover a liability, however arising.
Horse Legal Liability vs stableman's liability?
Difference between horse liability and stableman coverage
The difference between indemnity and non-indemnity insurance in insurance law?
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
What is the difference between absolute and strict liability?
In strict liability, there are certain defenses available whereas in absolute liability, there are none.
What is the difference between employers' liability insurance and public liability insurance?
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.
What the difference between Professional Liability and Practice Insurance?
No difference. It's the same thing
What is the difference between liability and obligation?
Liability - is something covered by law. Obligation - is something you're 'expected' to do.
What is Difference between liability and obligation?
Liability - is something covered by law. Obligation - is something you're 'expected' to do.
