liability limit

noun

1. the highest amount that a liability insurer will pay on a single claim.

Example Sentences

Runaway yachts weren’t the problem the liability limit was meant to solve.

From Seattle Times

The package of bills would also create a scholarship program for officers, raise the civil liability limit on police-related lawsuits to $890,000, allow for — but not require — the forfeiture of a convicted officer’s pension, ban police departments from acquiring surplus military equipment, restrict no-knock warrants and mandate police-worn body cameras by 2026.

From Washington Post

The measure as amended also would create a scholarship program for officers, raise the civil liability limit on police-related lawsuits to $890,000 and allow for the forfeiture of a convicted officer’s pension.

From Washington Post

Stevan C. Dittman, a New Orleans-based maritime lawyer who also teaches at Tulane, said watercraft owners regularly invoke the liability limit, even when only a single member of a crew is injured.

From Los Angeles Times

Your liability limit is roughly $1,600.

From Washington Post