What does Libel mean? Read on to discover the definition & meaning of the term Libel - to help you better understand the language used in insurance policies.
The written publication of untrue, defamatory statements that lower a person's esteem in his or her community and that gives rise to a legal cause of action against the publisher. Standard commercial general liability (CGL) insurance policies apply to slander and libel claims made against the insured. Libel is distinguishable from slander in that libel refers to defamatory statements that are written, while slander refers to defamatory statements that are spoken.
We hope the you have a better understanding of the meaning of Libel.