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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

Compensatory damages compensate the victim for losses actually incurred Special damages provide compensation for medical expenses General damages provide compensation for pain and suffering Punitive damages are designed to punish people and organizations so that others are deterred from committing the same wrongful act