Jurisdiction(s):
United Kingdom

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Key definition

Liability insurance definition

What does Liability insurance mean? Insurance that protects businesses against civil liabilities to third parties, including, in the case of employers’ liability insurance, claims by employees for work-related injury or disease. It is a market term used across multiple legal contexts rather than a single statutory definition, though particular classes are regulated by legislation (notably compulsory employers’ liability). Common forms include public liability, products liability, employers’ liability, professional indemnity and directors’ and officers’ (D&O) liability. Cover typically indemnifies damages, claimant’s costs and defence costs, subject to an indemnity limit, excess and standard exclusions (for example, deliberate acts, assumed contractual liabilities and pollution unless endorsed). Liability policies...

Liability insurance: cover triggers, scope and exclusions, legal liability and reasonable settlements, joint/composite insureds, TP(RAI)A 2010

Published by a LexisNexis Insurance & Reinsurance expert

Practice notes

This Practice Note sets out the defining features of liability insurance and the range of liability insurance types available. It further reviews the breadth of cover provided by liability policies and offers guidance on determining liabilities and assessing the reasonableness of loss settlements, alongside notes on recurring issues in liability insurance, such as joint and composite insurance and how the Third Parties (Rights Against Insurers) Act 2010 (TP(RAI)A 2010) applies...

The related documents pod on the right supplies links to more detailed guidance on particular aspects of liability insurance, including the notification of claims and circumstances, the defence of claims, and resources addressing specific forms of liability insurance...

What is liability insurance?

Liability insurance is a class of cover that protects the insured against the risk of becoming liable to a third party. In the same way as property insurance, it safeguards the insured against loss...

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Ralph Morley

7KBW

Ralph has a broad practice across all areas of commercial law, including insurance and reinsurance, international arbitration, Admiralty and shipping, commercial disputes and professional negligence. In the insurance sector, Ralph has developed particular experience in property damage (including marine and non-marine risks) and business interruption policies, Bermuda Form mass tort liability insurance and political risk, acting for both policyholders and insurers. Ralph is ranked by the legal directories in insurance, commercial dispute resolution, shipping and professional negligence....

Web page updated on 21/05/2026

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