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liability
liability insurance
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liability insurance
li·a·bil·i·ty in·sur·ance


noun 
Definition:
 
insurance against liability: insurance that pays damages where a person or organization is found responsible for injury or harm caused, e.g. in the case of negligence
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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