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Unformatted text preview: Others Also Responsible For Anothers Actions- Vicarious Liability Vehicle Owners Can Be Liable For Others Actions Using Vehicle - Imputed Liability Parents CAN Be Liable For Childrens Actions- Family Purpose Doctrine Parents Can Be Liable For Childrens Actions While Driving- Respondeat Superior Employers Can Be Liable For Actions of Their Employees- Joint & Several Liability Defendants Can Be Responsible For Other Liable Defendants Judgments Civil Wrongs, Other Than Breach of Contract, Where the Law Provides A Remedy, in the Form of Money Damages Types of Monetary Damages: Economic Damages (Special Damages) Non-Economic Damages (General Damages) Punitive Damages (As Punishment) Types of Injuries/Damages: Bodily Injury (Legal Term) Mind/Body Injured Property Damage Direct, Indirect Real, Personal Property Standard of Care Is Required For Professional Services Possess Degree of Skill, Judgment & Knowledge Appropriate To Profession Conduct Oneself According to Recognized Professional Standards Examples:- Physicians - Attorneys - Insurance Agents Sample Losses: Clients Injured In Firms Vehicle Damage Occurs To Own Firms Vehicles Employees Injured Using Firms Vehicles Employees Injured Using Own Vehicles While Performing Job-Related Activities I. Liability Insurance- While Using Covered Vehicles- Note: Non-Ownership Liability II. Physical Damage Coverage- To Covered Vehicles- Perils: Collision, Comprehensive, Specified Causes of Loss I I I. Uninsured, Underinsured Motorist- While Using Covered Vehicles IV. Medical Payments- While Using Covered Vehicles Almost Same As CGL, MINOR Exceptions Business Liability Coverage- Combines Coverage A & Coverage B of CGL Medical Payments (Medical Expense)- Same As CGL Specific Limits- Medical Expense Limit Maximum Paid Per Person Per...
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This note was uploaded on 09/10/2008 for the course FIN 139 taught by Professor Cheshier during the Fall '08 term at S. Alabama.
- Fall '08