Nil liability definition
Nil liability means that no payments were expected on the case and "Nil compliant" means that payments were expected but none were received.
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Related to Nil liability
Legal Liability means responsibility which courts recognize and enforce between persons who sue one another.
Product Liability means any liability, claim or expense, including but not limited to attorneys’ fees and medical expenses, arising in whole or in part out of a breach of any express or implied product warranty by the Company, strict liability in tort, negligent manufacture of product, negligent provision of services, product recall, or any other allegation of liability arising from the design, testing, manufacture, packaging, labeling (including instructions for use), or sale of products.
Maximum Liability has the meaning assigned to such term in Section 10.10.
General Liability means any and all liability which may be insured under the laws of the State of New Jersey, excluding workers’ compensation, and employer’s liability. The exact definition of a “general liability” or similar terms is the definition used in the insurance policy issued by the Commission.