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For that vaccine, drug manufacturers took responsibility for product quality, but countries covered liability for its use.
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It should be clear, though, that while the guarantee would stay in place, per paragraph 1 and 2, it would only apply to "covered liabilities".
It would remain in place for at least 10 years and would be applied to all financial institutions with more than $50 billion in consolidated assets — at 0.15 percent of covered liabilities.
It would remain in place for at least 10 years and would be levied on all financial institutions with more than $50 billion in assets, at 0.15 percent of covered liabilities.
You could make a disclaimer to cover liability.
Company officials said earlier this year that they had reserved $12.2 billion to cover liability from the diet drugs Pondimin and Redux.
Nor does it cover liability from soured home equity loans or bonds the bank created with mortgages from lenders other than Countrywide.
Most of the cost of this is to cover liability for accidents, which will become rare, so revenues will come down a lot.
Policies are written to cover liability of the owner or operator for bodily injury to passengers or to persons other than passengers and for property damage.
While umbrella or excess liability policies, which everyone of any means should have, cover injuries of the slip-and-fall variety, they don't always cover liability for employment practices.
Set up as a comprehensive contract in most parts of the world, automobile insurance covers liability, collision loss of the vehicle, all other types of loss (called comprehensive loss), and medical expenses incurred by the driver, passengers, and other persons.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com