Examlex
An IOS consists of:
Wrongful Act
An action that is legally incorrect or unjust, often forming the basis of a civil lawsuit or criminal prosecution.
Damages
Money awarded as a remedy for a civil wrong, such as a breach of contract or a tortious act.
Compensation
Payments or benefits provided to employees, workers, or individuals as wages for services rendered or as reparation for injuries.
Liability Insurance
Insurance coverage that protects against claims arising from injuries or damages to other people or property.
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