liability limit

noun

1. the highest amount that a liability insurer will pay on a single claim.

Example Sentences

Minimum liability limit increases will be beneficial for drivers who are involved in an accident they did not cause because they will be covered for more expenses related to the crash than previously, said Janet Ruiz, director of strategic communication at the Insurance Information Institute, an industry group.

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Runaway yachts weren’t the problem the liability limit was meant to solve.

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The package of bills would also create a scholarship program for officers, raise the civil liability limit on police-related lawsuits to $890,000, allow for — but not require — the forfeiture of a convicted officer’s pension, ban police departments from acquiring surplus military equipment, restrict no-knock warrants and mandate police-worn body cameras by 2026.

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The measure as amended also would create a scholarship program for officers, raise the civil liability limit on police-related lawsuits to $890,000 and allow for the forfeiture of a convicted officer’s pension.

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Stevan C. Dittman, a New Orleans-based maritime lawyer who also teaches at Tulane, said watercraft owners regularly invoke the liability limit, even when only a single member of a crew is injured.

Read more on Los Angeles Times