Liability Insurance: a social need? Fundamental technical-legal principles on the different types of third-party liability insurance

Abstract

Liability insurance plays a significant role in post-modern society, which is full of risks, but which are tolerated by the different users of products and services, in the name of full personal satisfaction, whose longing is for "happiness". In the field of Law, in view of the conceptual shift from tort to unfair damage, businessmen and all those who exercise professional and economic activity are increasingly exposed to demands for compensation for damages. Liability insurance represents, in this scenario, an effective financial mechanism for asset protection, maintaining those who cause damage unharmed, as well as offering an objective guarantee to those harmed that they will be compensated. There are various models offered by the insurance market, each with its own technical and legal specificities. This text interconnects all these aspects.