Glossary
Third-party coverage
Insurance for claims others bring against you — the liability side of any policy, as opposed to first-party coverage for your own…
What is third-party coverage?
Insurance for claims others bring against you — the liability side of any policy, as opposed to first-party coverage for your own losses.
Why it matters
Third-party coverage responds when someone else claims against you — the core of liability insurance. The label matters most in cyber, where third-party (their losses) and first-party (your losses) coverage are packaged together and priced separately.