They have an extra insurance policy, known as umbrella or excess liability coverage, which takes care of their liability for the lawsuits and medical bills of the auto accident victim — or of the teenage guest who dives into the shallow end of the swimming pool or the deliveryman who trips on the front steps.
A change in the system of electricity supply involves that citizens cancel existing contracts, sign new ones with a hitherto unproven organization, and often take up liabilities of their own (in the form of credits, buying new equipment, etc).
All merchants would be required to upgrade their payments terminals to support EMV, or take on liability for fraudulent transactions.
For them, having nukes on fault lines doesn't matter because their liability is taken care of by the federal government.
CRPs are an approach taken by hospital systems and their liability insurers to responding to unexpected outcomes of medical care ("adverse events") that is based on simple principles: Report events to hospital risk-management and quality-improvement personnel quickly.
High prices, and the fact that many venues require couples to take out liability insurance, feed demand for wedding insurance.
"If you get too heavily involved in these operations, then you take on liability, and nobody wants to do that," Mr. Goldwasser said.
But if the group uses another location, the county cannot force it to take out liability insurance or pay to police the event.
David Shields, an analyst who has long studied Mexican oil, suggests the government take the liability off Pemex's books by converting it to sovereign debt.
Insurers engage in risk pooling when they take on liability for the cost of any necessary healthcare for many people, only some of whom will in fact be struck by health shocks in a given year.
