Please note, this class may be purchased as a 2-part, or with our 7-part "I Wanna Know Risk and Insurance Concepts" series, here.

"We will pay those sums that the insured becomes legally obligated to pay as damages because of 'bodily injury' or 'property damage' to which this insurance applies." So begins Coverage Part A of the commercial general liability policy. But how does one become legally liable?

Legal liability is liability imposed by law on the person or entity responsible for the financial injury or damage suffered by another party or individual and can arise from intentional acts, unintentional acts or contracts (express or implied).

This two-part session:

• Defines and differentiates "public wrongs" and a "private wrongs"
• Discusses the various types of "Torts"
• Details the concept of "Negligence"
• Defines damages
• Breaks down causation and ultimate liability
• Introduces several common and unique legal theories related to degrees of negligence