What is the meaning of joint liability?

Answer Joint liability means that at least two parties share liability in a lawsuit or legal dispute. Often, a jury decides what percentage of liability each defendant is responsible for. An example - An ... Read More »

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What is the meaning for Waiver of Liability?

Waiver of Liability Waiver of Liability: A written notice given to the aptient by the provider in advance of any service or supply furnished for which payment may be denied or reduced by Medicare ... Read More »

What is the meaning of enduring liability?

: Enduring Liability refers to the fact that when suing a person for negligence you have a six years window from the date of the incident. When a child is the person who was injured due to neglec... Read More »

What is the meaning of liability insurance written in three limits?

General liability insurance policy limits are commonly given in three amounts: per occurrence, general aggregate and products/completed operations aggregate. Automobile liability limits have thre... Read More »

What exactly are general liability and professional liability premiums based on?

this depends on the type of business it is. Some are rated on sales, area, tickets sold, etc...need more specific informationIt also depends on the company providing the policy. Some rate on sales,... Read More »