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Damages are monetary sums awarded for injury, loss suffered, and/or damage to the claimant. They are usually 'restitutio in integrum' (compensatory in nature). The focus is on compensating the victim, not punishing the wrongdoer, this means that the damages awarded will be an indemnity and, as far as is possible with money, aim to place the claimant in a position they enjoyed before the accident. General damages are damages which the claimant need not necessarily prove, as the law presumes they will flow. They are usually unliquidated damages, namely damages with no tangible calculation. The most common type of general damage is compensation for pain, suffering and loss of amenities. General damages can also include 'future losses' which in most cases are speculative.
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What exactly is general liability?
General liability means that your friend has been found responsible for something. Liability is usually an insurance term, it means they pay for damages to other peoples property or self.
What does general liability cover?
The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.
What does general liability insurance cover?
The amount of coverage and the specifics of coverage will vary from policy to policy. In general liability insurance will cover damages to individuals or entities other than the insured individual. For example, in auto insurance liability insurance will provide for individuals injured in an accident excluding the policy holder.
Does liability insurance cover a stolen car?
Liability Insurance and the Stolen VehicleNo, Liability Insurance provides coverage for damages or injuries that we cause to others. It does not provide coverage for our own vehicle damages or theft.
What is the definition of Tenant's Legal Liability?
Provides insurance against legal liability for property damage to business premises leased or rented to the insured.
What has the author Thomas Gehring written?
Thomas Gehring has written: 'Haftung und Umwelt' -- subject(s): Liability for environmental damages, Liability for oil pollution damages, Liability for space vehicle accidents, Liability for nuclear damages 'Johanne Charlotte Unzer-Ziegler, 1725-1782' -- subject(s): German literature, History and criticism
What is public liability insurance and how is it different from general liability insurance?
General liability covers Public and Producs Liability, therefore by having General Liability cover, public liability is covered also.
What is the difference between marine general liability and commercial general liability?
Liability provides coverage for claims or losses in which you can be held liable for damages or in which you have been accused of being responsible. Comprehensive coverage would also provide coverage for other aspects of your business, such as property, inventory, business autos and equipment, cash flow, etc..
What means liability?
A limitation (a cap) of liability clause is a contractual provision that restricts the amount of damages a client can recover from a company. Uncapped liability is a liability without a limit.
What does liability insurance protect against?
You can be sued for injuring someone, even unintentionally (as when someone gets hurt on your property). Then you are liable for damages. Liability insurance pays the damages if you lose a lawsuit.
What has the author Kristel de Smedt written?
Kristel de Smedt has written: 'Environmental liability in a federal system' -- subject(s): Economic aspects, Economic aspects of Liability for environmental damages, Federal government, Liability for environmental damages
What are some general liabilities covered by Nationwide's insurance towards businesses?
There are a few general liabilities covered under Nationwide Insurance's general liability plan for businesses. This insurance will cover injury damages, lawsuits and settlements, and violation of copyright.
