Explain, from a Risk Management Perspective, Why Liability Insurance May

question 67

Essay

Explain, from a risk management perspective, why liability insurance may be more important with respect to liability in tort than with respect to liability for breach of contract.

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Definitions:

Affective Component

The emotional or feeling aspect of an attitude, which includes feelings or emotions associated with a belief.

Attitude

A psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Unfavourable Attitudes

Negative perceptions or feelings towards a person, group, or concept, which can influence behavior and judgement.

Derogatory Comments

Negative or critical remarks about someone, often insulting or demeaning in nature.