Phrases with «omission liability»

"Omission liability" refers to the legal responsibility or accountability for failing to do something that should have been done. It means being held liable for the consequences or harm caused by not taking necessary actions or neglecting one's duties or responsibilities. Full definition

liability (parent phrase)

omission liability

Sentences with «omission liability»

As its name suggests, errors and omissions liability insurance covers claims that arise out of negligent acts, errors or omissions committed by a business in the course of providing services to others. (thebalance.com)
Many professional associations (like the Real Estate Council of Ontario or the Human Resources Institute of Alberta), have mandated the requirement to carry Errors & Omissions Liability in order to practice within their fields. (rogersinsurance.ca)
Errors & Omissions Liability protects the business professional by shielding their assets and paying for defense and potentially onerous legal costs if a client makes a claim. (rogersinsurance.ca)
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Phrases with «omission liability»

Sentences with «omission liability»

See also