3 rd Party Liability insuranceAccording to the Civil Law provision of Latvia - everyone is responsible for the harm done for a third person.
None of us is protected from the everyday risk to harm other people. Anyone, accidentally, can make harm to other person`s health and property.
The insurance against third party risk takes the risk of harm, done to a third person, on it.
The insurance pays out the losses, foreseen by an insurance contract, caused to a victim by an insurant.
It is possible to insure many different kinds of civil liability:
-
Prime liability;
-
Liability for a product or service;
-
Automobile holders` liability;
-
Different kinds of professional civil liability.
|