What Does Financial Responsibility Mean?

Free Business Insurance Quote Click Here
What does Financial Responsibility mean? Read on to discover the definition & meaning of the term Financial Responsibility - to help you better understand the language used in insurance policies.

Financial Responsibility

Financial Responsibility

The legal requirement for an owner of an automobile to evidence ability to pay losses, either through purchase of insurance or by providing other proof of financial strength. Used to ensure that drivers carry adequate auto liability insurance.

We hope the you have a better understanding of the meaning of Financial Responsibility.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here