If insurance coverage were extended to damage to one`s own vehicle or theft, the policy would no longer be exclusively accident insurance. CASUALTY INSURANCE: This type of insurance that primarily relates to damage caused by injuries to persons and legal liability for those injuries or for property damage suffered by others. It also includes forms as diverse as plate glass, crime insurance, such as theft, burglary or counterfeiting, boiler and machinery insurance, and aviation insurance. Many accident companies also write bonding transactions. Damage is a tax deduction that can be accepted for an accident in a business or business, in a lucrative transaction, or for the total or partial loss or destruction of the property of the insured. It is the result of certain events such as a fire, a car accident or a flood. Losses are calculated according to specific rules and treated as individual deductions. The State of Illinois includes vehicle insurance, civil liability, workers` compensation, glass, livestock, legal fees and other insurance under its accident insurance category.  CONTRACTUAL RESPONSIBILITY: Responsibility assumed by contract or contract. Insurance coverage is generally limited in liability policies, but can, in most cases, be granted in exchange for an additional premium. HOLD-HARMLESS AGREEMENT: A contractual agreement in which one party assumes the responsibility inherent in a situation and thus relieves the other part of its responsibilities. Such agreements are usually found in contracts such as leases. A typical rental agreement may provide that the taker must “compensate” the lessor for any liability in the event of a construction accident.
Overall, it can be defined as a list of individual insurance, usually listed in a separate policy in three broad categories: third party or civil liability, disability or accident and health, property damage. One of the results of a comprehensive political letter…. is to ask the question of the usefulness of the traditional concept of accident insurance … Some insurers expect future accident insurance to cover only lines of liability and disability. Subsequently, in Chapter 2, Chapter 2 indicates that insurance has traditionally been classified as life, fire navy and accident. Since multi-line policies began writing (insurance contracts covering different types of risks), the latter two have begun to merge. When NAIC approved multiple insurance in 1946, accident insurance was defined as a flat-rate statutory liability clause, with the exception of psychological, invalid and medical care and certain property damages.  n. 1) an accident that could not be foreseen or monitored, such as a storm or fire caused by lightning. 2) the loss, as in life, of such an inevitable accident. The precise definition of the courts remains uneven. (See: Accident loss) OPEN COVER: An agreement under which the insured undertakes to declare any item (for example.B.
shipping, ship, etc.) that falls under the cover, in the order in which the risk is associated.