What does Legal Liability mean? Read on to discover the definition & meaning of the term Legal Liability - to help you better understand the language used in insurance policies.
Legal liabilities are a person or entity's legal responsibilities under the law. There are many different types of legal liabilities, and lawsuits commonly arise over them. Damages often must be paid if a party is found to have breached a responsibility it had by law.
We hope the you have a better understanding of the meaning of Legal Liability.