What Is Third-Party Liability?
When someone negligently causes damage to another person or their property, they could file a third-party liability. Here's what happens when the person is held liable.
You are aware of what to do if someone recklessly damages you or your property. There may be a time, however, when you may be the reckless one. Third-party liability is when one person is held legally responsible for any harm caused to another person or their property.
The third party is the victim, and the person that acted negligently is the liability. There are many cases where this can apply, such as auto or work-related accidents. Third-party liability can deeply impact drivers and those who are injured.
How Third-Party Liability Impacts Drivers
In a case like this, here are the entities present:
The first party is the insured.
As for the second, that is your insurance company.
The third and final party is the one holding the person liable.
This type of insurance is beneficial because mistakes like this happen every day. Not everyone has the money to pay for these accidents. With the help of an attorney, the victim gets compensated and you don't have to file for bankruptcy as a result.
How Third-Party Liability Affects the Injured
In the workplace, third-parties can also refer to those not employed by your employer. This can apply to maintenance companies, truck companies, or contract employees. An attorney would be able to assist you in tracking down that third party and hold them liable. ‘
There is a difference between worker's compensation and third-party liability, however. Each state's laws vary on whether or not you can claim both. Ask an attorney about the details of the laws in your state.
Examples of Personal Injury Third-Party Liability
For a better understanding of how third-party liability works, here are a couple of scenarios. If someone spills a drink in a store, then both they and the store can be held liable if someone slips. The third party would be the person who spilled the drink and did nothing about it.
As for work-related accidents, you could be on the way to a client's house to re-tile their roof. You aren't the one driving, but the one who does get into an accident while you're in a passenger seat. If you get injured, then you could hold both the employer and the driver accountable.
Third-party liability might be confusing to implement. Whether the third party is holding you liable or you are holding a third party liable, there are intricate details you may miss that could be detrimental in the long run. This is why you should look to a professional for help.
The attorneys at The Law Offices of Tyler and Peery can make sure you know all the details needed in regards to your third-party liability case. You can ask us questions regarding your case, and we will give you the answers you need. If you sustained an injury from a third party, then contact us today so we could assist you promptly.
Contact our firm at (210) 774-6445 for a no-fee consultation.