Third Party Liability Coverage Clause Samples
Third Party Liability Coverage is a clause that provides protection to the insured against claims made by individuals or entities who are not parties to the insurance contract, typically for bodily injury or property damage caused by the insured's actions. This coverage applies when the insured is found legally responsible for harm to others, such as in car accidents or incidents on their property. Its core function is to transfer the financial risk of third-party claims from the insured to the insurer, ensuring that the insured is not personally liable for potentially significant legal costs or damages.
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Third Party Liability Coverage. The Underwriter shall pay on behalf of the Insureds all Loss for which the Insureds become legally obligated to pay on account of any Third Party Claim first made against the Insureds during the Policy Period or during the Extended Reporting Period, if exercised, for a Third Party Wrongful Act.
Third Party Liability Coverage. The Insurer shall pay on behalf of any Insured the Loss arising from a Claim for a Third Party Wrongful Act first made during the Policy Period (or Discovery Period, if applicable) against such Insured, and reported to the Insurer in accordance with Section V. of the General Terms and Conditions and Section IV. of this Coverage Section. The applicable Sublimit of Liability set forth in Item 4.A. of the Declarations is the Insurer’s maximum Limit of Liability for all Loss arising from all Claims for
Third Party Liability Coverage. Liability coverage is limited to the minimum financial responsibility required by state law.
Third Party Liability Coverage. The Insurer shall be liable for any damage caused by an incident occurring within the insurance period during the business activities of the insured at the place specified in the policy as the Insurer's Address and the related activities carried out at various places within the borders of the Republic of Turkey. • Death, injury or deterioration of health of third parties, • Material damage to third party goods • Claims for non-pecuniary damages by third parties For these reasons, it guarantees the insured against the consequences of the claims to be made by third parties within the framework of the special conditions written in the policy and the General Conditions of Financial Liability Insurance Against the related Third Parties. Insurance coverage covers the liability of the insured within the framework of the provisions of the legislation on legal liability of the Republic of Turkey due to the title, activity and legal relations shown in the policy and is limited to the amounts written in the policy. The maintenance and maintenance of the buildings where the insured operates are also evaluated within the framework of the operating activities of the insured and the damages arising from the building and the liability of the insured are also included in the coverage. Liability to third parties does not include liability arising from the failure to provide commercial services to customers at all or as required. Policy No: 105215621 Page: 16 / 22
Third Party Liability Coverage. Liability coverage is limited to the minimum financial liability required by state law. Supplemental Liability Insurance (SLI) protects the renter against third-party claims for bodily injury and/or property damage sustained as aresult of an accident while the renter is driving a rental vehicle. This coverage provides the renter with third party liability protection up to alimit of USD 250,000.00 per accident. SLI does not cover all situations that may arise when driving arental vehicle and does not cover all risks. There may be exclusions for unauthorized or intoxicated drivers, no primary driver/uninsured driver coverage, no coverage for certain vehicle passengers, and other exclusions. For the contracted insurance to be valid, the renter must call the local police immediately to the fact, and request an official document (occurrence report). With this document, the renter must contact Move and present the incident report to ensure protection by liability coverage against third parties. The SLI insurance may expire without a police notification (occurrence report).
Third Party Liability Coverage. The Company shall, or shall cause the applicable Launch Services Provider, to procure and maintain third-party launch liability insurance for property loss or damage and bodily injury caused by a launch vehicle or any Satellite to the extent provided in the applicable Launch Services Agreement.
Third Party Liability Coverage. The Customer shall cause, or if the Customer is not the LSA Party, the Customer shall cause the LSA Party to cause, AE to procure and maintain launch and in orbit third party liability insurance for property loss or damage and bodily injury caused by the Launch Vehicle or the Satellite in accordance with the terms and conditions of the Launch Services Agreement, and shall cause AEF and the Lenders to be named as additional insureds thereunder. The Customer shall cause AE to extend to AEF and the Lenders the benefits of its indemnification obligation under the Launch Services Agreement for claims in excess of such third party liability insurance coverage. Without limiting (but without duplication of) the foregoing provisions of this Section 6.06(b)(iii), the Customer shall, upon the expiration of the third party liability insurance procured by AE, procure and maintain third party liability insurance coverage for property loss or damage and bodily injury caused by the Satellite after Launch in an amount on an annual basis of not less than one hundred million Dollars ($100,000,000) in the aggregate and per occurrence, naming AEF and the Lenders as additional insureds thereunder, if such insurance is then being customarily maintained (as determined by AEF) by prudent satellite owners.