Liability Insurance

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Originally, individuals or companies that faced a common peril, formed a group and created a self-help fund out of which to pay compensation should any member incur loss (in other words, a mutual insurance arrangement). The modern system relies on dedicated carriers, usually for-profit, to offer protection against specified perils in consideration of a premium.
Posts about Liability Insurance
  • TIMELY WRITTEN NOTICE TO INSURER AND COOPERATING WITH INSURER

    … I harp on notifying a liability insurer in writing once a claim is asserted against you. As soon as possible. I harp on this because as an insured you want to remove any doubt or argument that the insurer was prejudiced due to a lack of timely notice. In a recent opinion, Zurich American Insurance Co. v. European Tile and Floors, Inc., 2017…

    Florida Construction Legal Updates- 12 readers -
  • “IS THE DEFECTIVE WORK COVERED BY INSURANCE?”

    … I have been asked this question quite a bit from owners, in particular: “The contractor committed defective work, but it has insurance. Doesn’t the insurance cover this defective work?” Ugh, NO! There is this misconception that liability insurance, specifically, is the be-all-and-end-all when it comes to defective work. This could…

    Florida Construction Legal Updates- 15 readers -
  • SOMETIMES YOU NEED TO CONSIDER THE COBLENTZ AGREEMENT

    …, sometimes a claimant needs to consider entering into a Coblentz Agreement to pursue recourse against an insurance policy. Please contact David Adelstein at dadelstein@gmail.com or (954) 361-4720 if you have questions or would like more information regarding this article. You can follow David Adelstein on Twitter @DavidAdelstein1. …

    Florida Construction Legal Updates- 14 readers -
  • TENDER THE DEFENSE OF A LAWSUIT TO YOUR LIABILITY CARRIER

    … in this case which is to expend over $400,000 in legal fees (when the carrier owes you a defense) that is not reimbursable. This doesn’t make sense—a head scratcher—considering the premium you pay to your insurer. Please contact David Adelstein at dadelstein@gmail.com or (954) 361-4720 if you have questions or would like more information regarding this article. You can follow David Adelstein on Twitter @DavidAdelstein1. …

    Florida Construction Legal Updates- 15 readers -
  • Common Issues with ATVs

    …”, Ehline says: “We had a client who had signed a waiver to use their off road vehicle on private land, but it turned out that the property owner had created a trap for the unwary, and was engaged in ‘active negligence’, which pierced the waiver and opened up the liability insurance policy to help pay our client’s clavicle injury” Having great…

    fountaininjurylaw- 35 readers -
Get the top posts daily into your mailbox!