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Word(s) in meaning: chat  "global warming"
Postal codes: USA: 81657, Canada: T5A 0A7

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What does LP stand for?

Liability Policy


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This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

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Legal Problems
Legge Provinciale (Italian: Provincial Law)
Legislative Process
Legislative Proposal
Lemon Party
Les Paul (type of guitar)
Lesbian Pornography
Lesson Plan
Let's Play (gaming)
Lex Persona
Liberal Party
Libertarian Party
License Plate
Licensed Paramedic
Licensed Practical (nurse; US HRSA)
Licensed Practitioner
Licensed Psychologist
Lichen Planus (skin disease)
Licorice Pizza (record)
Life Partner



Samples in periodicals archive:
Selected Seeds Pty Ltd v QBEMM Pty Ltd & Anor [2009] QCA (22 September 2009) POLICIES OF INSURANCE - CONSTRUCTION - BROADFORM LIABILITY POLICY - INSURING CLAUSE - EFFICACY CLAUSE.
The General Liability policy could potentially provide protection under the property damage and personal injury sections.
Answer: Your answer depends on the type of commercial general liability policy that your business had.
The logical area to look for coverage would be the General Liability policy since this would be an allegation by a third party that your business was legally liable for failing to comply with a law, rule or regulation.
As part of the donation agreement, the club originally wanted the town to provide a $1 million liability policy on the property and wanted the town to construct a fence 6 to 8 feet high at the ball field, for a length of 1,070 feet, at an estimated cost of $28,900.
A basic liability policy affords you the least amount of insurance protection that your state feels it prudent for a driver to have.
LEGAL COMMENTARY: Apparently the court, in deciding the case, relied on the fact that the policy stated in all capital letters on its very first page that the policy differed significantly from the usual professional liability policy and then went on to clearly outline, with specificity, what it covered along with the requisite reporting requirements.
A technology E&O or computer network liability policy originally crafted for a technology company cannot be used to cover the exposures of a traditional company--a bank, a manufacturer, a retailer or a hospital.

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