Act of God
Attorney / Lawyer
An attorney is an individual who is legally entitled to prosecute and defend cases in a court of law. A lawyer is an individual who has an extensive understanding of the law as a result of obtaining a law degree through formal education but may not be able to formally practice law.
A beneficiary is anyone who is legally entitled to obtain money or other benefits from a benefactor, such as in the event of a death. The beneficiary of a life insurance policy, for example, is the individual who obtains compensation when the policy holder passes away.
Breach of Contract
A civil lawsuit is a legal action in which a plaintiff files a claim against a defendant for damages as a result of the defendant’s actions. A civil lawsuit differs from a criminal case.
The claimant is also known as the plaintiff, and is the individual filing a claim for damages in a civil lawsuit.
Loss of Consortium
If a professional fails to perform his or her duties to the accepted professional standard of care and an injury ensues, it may be considered malpractice.
The legal theory behind product liability states that manufacturers, designers, and distributors of unsafe and dangerous products can be considered liable for any injuries that result from those products.
Statute of Repose
An individual who is under insured lacks the protection they need to properly protect their interests in the event of an accident. In the event of an accident, underinsured motorist coverage can allow a policy holder to obtain suitable compensation for losses in the event the liable party is under insured.