Definition
Usually issued by an insurance company, it guarantees payment of a specified sum to an injured party (in the IA”s case paid to the client or the administrator) when damages are caused by actions they perform (or fail to perform)
Usually issued by an insurance company, it guarantees payment of a specified sum to an injured party (in the IA”s case paid to the client or the administrator) when damages are caused by actions they perform (or fail to perform)