Backdated Liability Insurance

Backdated Liability Insurance,

What is The Definition of Backdated Liability Insurance?

Coverage for claims that actually occur after a loss has occurred. This type of coverage is offered when the amount of the loss is very uncertain and there may be a long delay in payment. The premium is calculated by the insurance company along with the cost of your investment to cover the compensation claims. This is not the type of coverage commonly available.

Literal Meanings of Backdated Liability Insurance

Backdated:

Meanings of Backdated:
  1. Put the date (document) before the actual date.

Sentences of Backdated
  1. The sale documents were postponed to avoid court orders.

Liability:

Meanings of Liability:
  1. The person or thing whose presence or behavior causes embarrassment or harm.

Synonyms of Liability

responsibility, handicap, legal responsibility, encumbrance, nuisance, inconvenience, answerability, hindrance, burden, accountability

Insurance:

Meanings of Insurance:
  1. An exercise or arrangement under which a company or government agency guarantees compensation for a particular loss, injury, illness or death in exchange for a premium.

Synonyms of Insurance

protection, shelter, financial protection, precaution, safety measure, surety, defence, indemnity, immunity, preventive measure, provision, cover, security, indemnification, safeguard

Backdated Liability Insurance,

Backdated Liability Insurance means,

Loss insurance coverage which is only after the loss. This type of coverage is offered when the amount of the loss is extremely uncertain and there is a long delay in payment. The premium received by the insurance, along with the investment amount, is considered sufficient to cover all claims. This is not the type of cover commonly available.

Literal Meanings of Backdated Liability Insurance

Backdated:

Meanings of Backdated:
  1. Keep the previous date (document) as the actual date.

Sentences of Backdated
  1. Sales records are tracked to avoid court orders.

Liability:

Meanings of Liability:
  1. A person or thing whose presence or behavior harms another.

Sentences of Liability
  1. Once you contact the card protection system, you are liable for any damage.

  2. He said that the party has become an obstacle in green politics.

Synonyms of Liability

fault, stumbling block, obstacle, the rap, onus, millstone round one's neck, disbenefit, weak spot/point, drawback, impediment, weakness, fly in the ointment, albatross, incrimination, problem, minus, shortcoming, blame, guilt, cross to bear

Insurance:

Meanings of Insurance:
  1. An agreement in which a company or state guarantees certain damages, injuries, illnesses or deaths in exchange for a premium.

Sentences of Insurance
  1. Many new borrowers buy unemployment insurance or health insurance.

  2. Jacket hanging behind the seat, protected against air conditioning.

Synonyms of Insurance

(financial) protection, warranty, backstop, assurance, guarantee

Backdated Liability Insurance,

What is The Meaning of Backdated Liability Insurance?

  1. Loss insurance coverage that occurs after the loss. This type of coverage is offered when the amount of the loss is extremely uncertain and there may be a long delay in payment. The premium charged by the insurer, along with the investment amount, is considered sufficient to cover all claims. This is not the type of cover commonly available.

Literal Meanings of Backdated Liability Insurance

Backdated:

Meanings of Backdated:
  1. Keep the date before (document) as the actual date.

Sentences of Backdated
  1. The sale of documents was postponed to avoid a court order.

Liability:

Sentences of Liability
  1. As soon as you contact the card protection system, you are no longer liable for damages.

  2. He said that the party has become an obstacle in the way of green politics.

Synonyms of Liability

disadvantage, cumber, culpability, drag, blameworthiness, Achilles heel

Insurance:

Meanings of Insurance:
  1. An agreement in which the company or state guarantees compensation for certain losses, injuries, illnesses or deaths in return for certain premiums.

  2. Something that protects against possible accidents.

Sentences of Insurance
  1. Jacket hanging on the back of the chair, protected from air conditioning ■■■■■