01 — Lexicon
Insurance words, plain and simple
- 01Third-party motor liability
- Minimum compulsory cover that compensates only damage caused to third parties (other road users and passengers) and covers neither the driver nor the vehicle.
- 02Contractual liability
- Incurred when a contract is badly performed or not performed by one of the parties (written, oral or tacit contract).
- 03Tortious liability
- Incurred when an act causes damage to another without breach of contract: tortious if the fault is intentional, quasi-tortious otherwise.
- 04Professional liability (PLI)
- Protects the insured against the pecuniary consequences of liability incurred in the course of professional activity for bodily, material and immaterial damage caused to third parties by a professional fault of the insured or its staff.