VICARIOUS LIABILITY

 

The Liability of a principal for the acts of its Agents.

 

Vicarious liability can result from the acts of independent Agents, partners, independent contractors, employees and their children.

 

The imposition of liability on one person for the actionable conduct of another, based solely on a relationship between two persons or entities.

 

Indirect or imputed legal responsibility for acts of another; by example, the liability of an employer for the acts of an employee, or, a principal for torts or contracts of an Agent.

 

An exclusion specifically for VICARIOUS LIABILITY may be appropriately issued by contract, within a service, sale, or installation contract, or by some other agreement or understanding.

 

                                                                                                 F. Darrell Lindsey

                                                                                                 Captive Manager

                                                                                                 U.S. Licensed Broker

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