third party insurance

June 5, 2006 1:16pm CST
hi, What is third party insurance and thier roles in the insurance industry
1 response
5 Jun 06
A simple answer to that is; third party insurance /also called public liability insurance is in place for civil liability compensation awards for personal injuries to Third Parties or Members of the Public or damage to their property as a result of neglegence. This of course is an oversimplification of the question and answer , but you get the general idea.