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More Key Terms
Liability
Settlement
Common Law
Intentional Wrong
Negligence
Strict Liability
Defense
They Keep Going
Contract
Premiums
Malpractice
Medical Coverage
Collision Coverage
Deductible
Comprehensive Coverage
Four More – 32 Terms
Uninsured Motorist Coverage
No-fault Insurance
Exclusive Remedy
Worker’s Compensation Insurance
Tort
A breach of some obligation causing harm or injury to someone. A civil wrong, such as negligence or libel.
Defendant
The person against whom a claim is made.
In a civil suit, the defendant is the person being sued.
In a criminal case, the defendant is the person charged with committing a crime.
Damages
1) The injuries or losses suffered by one person due to the fault of another.
2) Money asked for or paid (by a court order) for the injuries or losses suffered.
Liable
Legally responsible.
If a person gets injured on a bus while attending a school sponsored activity, the school is held liable for injuries or damages.
Liability
Legal responsibility, the obligation to do or not do something. The defendant in a torts case incurs liability for failing to use reasonable care, resulting in harm to the plaintiff.
Settlement
A mutual agreement between two sides in a lawsuit, made before the case goes to trial, that settles or ends the dispute.
Negligence
The failure to exercise a reasonable amount of care in either doing or not doing something, resulting in harm or injury.
Civil Law
All law that does not involve criminal matters.
Civil Law usually deals with private rights of individuals, groups or businesses.
Contingency Fee
The fee paid to an attorney based on the sum awarded to his, her client in a lawsuit.
Liability Insurance
The type of coverage or insurance that pays for injuries to other people or damage to property if the individual insured is responsible for the accident.
Malpractice
Failure to meet acceptable standards of practice in a professional or official position; often the basis for lawsuits by clients or patients against their attorney or doctor.
Medical Coverage
When dealing with insurance, that which covers an individual’s own medical expenses resulting from accidents.
Deductible
A paragraph in the insurance policy stating that before the insurer will pay for a loss, the insured must pay a certain amount. For example, if the deductible on a policy is $500 and the accident results in repairs costing $1,500, the insured person pays the first $500 and the insurance company pays the remaining $1,000.
Comprehensive Coverage
The portion of an insurance policy that protects an individual against automobile damages or losses. It does not cover damages or losses caused by a collision. It does cover damages or losses caused by such things such as fire, vandalism, or theft.
Uninsured Motorist Coverage
Insurance that protects drivers from those with no insurance or inadequate insurance.
Worker’s Compensation Insurance
A system of compensating employees who are injured on the job. These benefits are paid no matter who caused the accident or injury.
No Fault Insurance
A form of automobile or accident insurance in which each person’s insurance company pays a certain share of damages, regardless of fault.
Exclusive Remedy
The only solution, or compensation available to a plaintiff in a particular legal situation.