liability limit

liability limit. Insurance. The maximum amount of coverage that an insurance company will provide on a single claim under an insurance policy. — Also termed limit of liability; policy limits. [Cases: Insurance 2105. C.J.S. Insurance § 420.]

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词条贡献者

译员黎川，在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译，擅长翻译涉及工业与制造业领域的法律文件。