Liability (Property Damage, Bodily Injury, Home, General, Product, Strict) (Glossary Word)

Rough synonyms for liability would be fault or responsibility. This coverage pays for bodily injury or property damage for which a policyholder is responsible. In an insurance context, liability is determined by negligence and concepts such as 'strict liability' and 'contractual liability'.

Other users searching for also searched for some of the following glossary words and FAQs.

Glossary Words

• Strict Liability
• Professional Liability Insurance
• Home Owners Policy
• Renter's Policy

FAQs

• What kind of insurance does my business need?
• Do I need to buy insurance from the rental car company if I have my own personal automobile insurance?