Liability Loss definition

Liability Loss means loss covered under the Liability Coverage Part.
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Examples of Liability Loss in a sentence

  • The Insurer shall pay Liability Loss on behalf of the Named Entity Insureds, and shall pay Crime Loss as incurred by the Named Entity Insureds, without consideration of other future obligations.

  • All terms and conditions of this Policy, including without limitation the retention applicable to Liability Loss incurred by the Insured Person, shall also apply to loss incurred by such estates, heirs, legal representatives, assigns, spouses and legally recognized domestic partners.

  • The Insurer’s obligation to defend any Liability Claim or pay any Liability Loss, including Defense Costs, shall be completely fulfilled and extinguished if the limit of liability has been exhausted by payment of Liability Loss, or if the Named Entity has failed to pay its full retention for reasons other than Financial Insolvency.

  • Claim means any threat, claim or proceedings brought or made by a person against another person relating to or arising from any action, claim, Cost, demand, Damage, debt, expense, Liability, Loss, cause of action or proceeding of any kind, howsoever arising.

  • Such sublimit shall be included within, and not in addition to, the aggregate Limit of Liability for all Liability Loss as stated in Item 5.

  • The Insurer’s obligation to defend any Liability Claim or pay any Liability Loss shall be completely fulfilled and extinguished if the limit of liability has been exhausted by payment of Liability Loss.

  • Liability: Loss or damage to any material/property either through theft or otherwise due to negligence of its employees shall be made by Manpower Agency at its own cost.

  • Limitation of Liability Loss or damage to your Product shall be covered by this Warranty only while it is:1) in ASP’s possession; or2) in transit in those cases where the ASP is responsible for the transportation.

  • See also the Section above entitled “Unauthorized Transfers and Limits on Your Liability; Loss or Theft of Your Access Credentials” regarding how the timeliness of your notice impacts a consumer’s liability for unauthorized transfers.

  • Provide a copy of your firm's General Liability Loss Runs for the past five years showing total claim values (paid & reserves) for all open and closed claims.

Related to Liability Loss

  • Loss or Losses means all losses, damages, liabilities, deficiencies, claims, actions, judgments, settlements, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys' fees and the costs of enforcing any right to indemnification hereunder and the cost of pursuing any insurance providers.

  • Buyer Losses shall have the meaning set forth in Section 8.2.

  • Seller Losses shall have the meaning set forth in Section 9.1(b).

  • Covered Losses means any and all losses, assessments, fines, penalties, administrative orders, obligations, judgments, amounts paid in settlement, costs, expenses, liabilities and damages (whether actual, consequential or punitive), including interest, penalties, reasonable court costs and attorney’s fees, disbursements and costs of investigations, deficiencies, levies, duties and imposts.

  • Direct Losses means all damages, losses, liabilities, penalties, fines, assessments, claims, actions, costs, expenses (including the cost of legal or professional services, legal costs being on a substantial indemnity basis), proceedings, demands and charges whether arising under statute, contract or at common law, except Indirect Losses.

  • Consequential Loss means loss of profits, anticipated loss of profit or revenue, loss of production, loss of business opportunity, loss of or damage to goodwill or reputation, loss of use or any other similar loss, but excludes:

  • Losses shall have the meaning set forth in Section 5(a).

  • Economic loss means any of the following types of pecuniary harm:

  • Liability Cap has the meaning ascribed to it in paragraph 1 of Schedule 9;

  • Liability Claim has the meaning set forth in Section 7.2(a).

  • Purchaser Losses shall have the meaning set forth in Section 9.1(a).

  • Liability means any liability or obligation (whether known or unknown, whether asserted or unasserted, whether absolute or contingent, whether accrued or unaccrued, whether liquidated or unliquidated, and whether due or to become due), including any liability for Taxes.

  • Indirect Losses means loss of profits, loss of production, loss of business, loss of business opportunity, or any claim for consequential loss or for indirect loss of any nature;

  • Indemnified Losses is defined in Section 5.03 of the Servicing Agreement.

  • Direct Loss means charges actually paid pursuant to this Agreement in respect of the period of the Delay. For the purposes of clause 13.4, the User's losses arising out of a Delay will be taken to include the amount of the relevant Direct Losses.

  • Defect Liability Period in relation to a work means the specified period from the date of COMPLETION CERTIFICATE upto the date of issue of FINAL CERTIFICATE during which the CONTRACTOR stands responsible for rectifying all defects that may appear in the works executed by the CONTRACTOR in pursuance of the CONTRACT and includes warranties against Manufacturing/Fabrication/ Erection/Construction defects covering all materials plants, equipment, components, and the like supplied by the CONTRACTOR, works executed against workmanship defects.

  • Loss means any and all damages, fines, fees, penalties, deficiencies, losses and expenses (including without limitation interest, court costs, fees of attorneys, accountants and other experts or other expenses of litigation or other proceedings or of any claim, default or assessment).

  • Purchaser Indemnitees has the meaning set forth in Section 7.02.

  • Fraud Losses Realized Losses on Mortgage Loans as to which a loss is sustained by reason of a default arising from fraud, dishonesty or misrepresentation in connection with the related Mortgage Loan, including a loss by reason of the denial of coverage under any related Primary Insurance Policy because of such fraud, dishonesty or misrepresentation.

  • Tax Losses has the meaning assigned to such term in Section 7.1(a).

  • Buyer Indemnitees has the meaning set forth in Section 8.02.

  • Seller Indemnitees has the meaning set forth in Section 8.03.

  • Noneconomic damages ’ means damages for phys-

  • BRRD Liability means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable Bail-in Legislation may be exercised.

  • Economic damages means objectively verifiable monetary losses, including medical expenses, loss of earnings, burial costs, loss of use of property, cost of replacement or repair, cost of obtaining substitute domestic services, loss of employment, and loss of business or employment opportunities.

  • Seller Indemnified Persons has the meaning set forth in Section 8.3.