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Insurance & Risk Management
16. Chapter 19: The Liability Risk/Law of Negligence
16. Chapter 19: The Liability Risk Illustration
Syllabus Slides

Law of Negligence

01.Core Concepts

Under a comparative negligence law, the financial burden of the injury is shared by both parties according to their respective degrees of fault Under the pure rule, you can collect damages even if you are negligent, but your reward is reduced in proportion to your fault Under the 50 percent rule, you cannot recover if you are 50 percent or more at fault Under the 51 percent rule, you cannot recover if you are 51 percent or more at fault