Liability insurance is a very broad term, especially in Texas. In its broadest sense, liability insurance covers the conduct of a person, persons, or a business following an incident resulting in injury or death and helps protect them from the risk of liabilities imposed by lawsuits or similar claims.
On its most basic level, liability insurance says that the liability insurer has three major duties:
If there is a risk that an activity, industry, or property may result in the injury or death of a third-party, then there is most likely some form of liability insurance available. Common examples of this include:
The reason liability insurance is an important topic in personal injury law is that, in most cases, the liability insurer will be the entity that pays for the damages awarded in your claim. Think of getting car repairs following a collision. If you are rear-ended by an insured driver, the driver isn’t the one paying for your repairs. Rather, the insurer takes on the duty of paying for your repairs up to the point allotted by that driver’s policy.
Liability insurance does the same thing for personal injury. If you are rear-ended by an 18-wheeler, neither the truck driver nor the company will be footing the bill. Instead, the company that insures the trucking company will payout your claim.
Good liability insurance benefits you as a plaintiff as you can be relatively certain that the insurer will have the financial resources necessary to pay your settlement or financial award, even if the trucking company is not doing well economically.
Liability insurance can be a bad thing provided you do not have an experienced personal injury attorney to help you with your claim. Just as a liability insurer has the financial resources to settle and pay out your claim, they also have the financial resources to hire legal experts to challenge your claim.
At Thomas J. Henry, we have the financial and legal resources to level the playing field. We have the money to fight the long fight, and we have a team of attorneys that can go up against those employed by even the largest insurance companies.
Thomas J. Henry Injury Attorneys is a personal injury law firm with offices in Corpus Christi, Texas, San Antonio, Texas and Houston, Texas representing accident victims nationwide. Our priority is to provide our clients with the best legal representation. Our experienced trial attorneys are committed to defending your rights in personal injury matters including defective products, recalled drugs, child injuries, and auto accidents.
If you or someone you love has been injured in an accident, contact our offices immediately – we are available 24/7, nights and weekends.