Joint and several liability is a legal principle that allows multiple parties to be held liable for damages even if they are only partially at fault. Under this doctrine, each party is liable for the entire amount of damages, regardless of their individual level of fault. This principle is often used in personal injury cases … Read more
Liability Insurance: What It Is and How It Works Liability insurance protects you from financial losses that can result from claims or lawsuits filed against you. It can help pay for your legal defense and any damages awarded to the other party. There are several types of liability insurance, each with its own coverage limits … Read more
How It Works and Examples. Indemnity insurance is a type of insurance that provides protection against financial losses arising from third-party claims. It can be used to protect businesses from claims arising from their products or services, or to protect individuals from claims arising from their actions. Indemnity insurance can be purchased as standalone insurance … Read more
Why You Need It and How to Buy It. Title insurance is a type of insurance that protects the lender and/or homeowner from losses that may occur as a result of defects in the title to the property. The policy is issued by an insurance company and is usually valid for the life of the … Read more
