Liability Exposures
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Liability Exposures

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Published by Hyperion Books .
Written in English


  • Investment & securities

Book details:

Edition Notes

SeriesRisk Management Series
The Physical Object
Number of Pages150
ID Numbers
Open LibraryOL11578560M
ISBN 100948691751
ISBN 109780948691751

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New Edition The evolving liability exposures prevalent in today’s business environment make it critical for business owners, risk managers, and insurance agents and brokers to develop a thorough understanding of executive liability protection. Learn what to .   Employment Practices Liability: Guide to Risk Exposures and Coverage, 2nd Edition [Weimer, Britton, Satre, Eric, Whitman, Andrew] on *FREE* shipping on qualifying offers. Employment Practices Liability: Guide to Risk Exposures and Coverage, 2nd EditionAuthor: Clarance E. Hagglund. » Expanded treatment of management liability insurance coverages, such as fiduciary liability and Side A D&O policies» All information supported by case law» Practical, real-world guidance based on the extensive hands-on experience of the author in dealing with D&O claims and litigation Directors and Officers Liability: Exposures, Risk. Recognizing the exposure areas 2. Developing practices aimed at reducing the exposure and 3. Obtaining liability coverage for the risks. This book is an easy-to-use and understand guide to each of these three : $

Contractual Liability Exposures A. Limitations - breach of contract is not insured in standard insurance policies - contractual assumption of the tort liability of another is covered in standard insurance policies (ex. CGL) - cannot transfer responsibility for gross and willful negligence or. Directors and Officers Liability: Exposures, Risk Management and Coverage, 2nd Edition $ This brand-new single resource is the only comprehensive yet targeted publication covering both the exposures and risk managementinsurance treatments in the area of directors officers and management it even more unique this resource featu. LIABILITY LOSS EXPOSURES 5 Civil Law 5 Tort Liability 5 Negligence 6 Intentional Torts 6 Absolute Liability 6 Contractual Liability 6 Statutory Liability 7 The Two Elements of Liability loss exposures Possibility of a Claim for Money Damages 7. Basis of Liability. The liability exposure may arise out of either statutory or common law, as shown in Figure "Basis of Liability Risk". Statutory law The body of written law created by legislatures. is the body of written law created by legislatures. Common law Body of law based on custom and court decisions., on the other hand, is based on custom and court decisions.

Liability Loss Exposures—Liability Pure Risk. The legal system is designed to mitigate risks and is not intended to create new risks. However, it has the power of transferring the risk from your shoulders to mine. Under most legal systems, a party can be held responsible for the financial consequences of causing damage to others.   This exposure allows insurance companies to keep track of their liabilities after issuing policies. 3. Unearned Exposure. This exposure represents the portion of Written Exposure that has not yet occurred. 4. In-Force Exposures. This exposure is the number of units that are exposed to loss at a specific time across all policies. PERSONAL LIABILITY EXPOSURES can originate out of an insured's ownership and/or use of insured locations, from their personal conduct, and from legal stature and/or contracts. The liability may be directly imposed on an insured or it may be vicarious in nature. Like other liability insurance, the personal liability coverage found in a homeowner policy will pay up to the policy limit for. Marina Operators Legal Liability Coverage — insures the liability exposures associated with the operation of a marina including those related to the care, custody, and control (CCC) of watercraft. The coverage may include both land and waterborne exposures located at the marina.