What Does Several Liability Mean?

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What does Several Liability mean? Read on to discover the definition & meaning of the term Several Liability - to help you better understand the language used in insurance policies.

Several Liability

Several Liability

Liability that may be assigned or apportioned separately to each of a number of liable parties. Distinguishable from, but often paired with, joint liability.

We hope the you have a better understanding of the meaning of Several Liability.

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