vicarious liability

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vicarious liability

Legal responsibility of a health care professional or health care institution for the negligent actions of its trainees and employees.
See also: liability
References in periodicals archive ?
After Kentucky's Supreme Court agreed to review the prior ruling that threw out a $870M judgment against The Stars Group, Susquehanna analyst Joseph Stauff said he estimates that the shares could take a temporary $1 per share hit in response to higher odds of a worst case contingent liability of $570M.
"Bunker has worked with leading on-demand/gig platforms, along with insurers, to develop usage-based policies that include occupational accident, contingent liability and workers' compensation," co-founder and CEO Chad Nitschke told Carrier Management via email.
'Contingent liability should not be classified as real debt as the country will not be able to adopt and have more PPP projects as that kind of debt will be limited by statutory debt limit,' Ms Kenewendo said.
It is my responsibility to not only look after all of government assets, but also manage our contingent liability," Dominguez said.
The workshop aimed to increase awareness about contingent liability risks that governments are exposed to and to sensitize risk managers to frameworks and tools in identifying, measuring, and managing these risks with a focus on sovereign credit guarantees and on-lending.
Against this backdrop, this paper discusses and develops a conceptual framework for sovereign debt through the identification of a possible event that could trigger a default of contingent liability arising from guarantee for private participation in infrastructure provision.
Similarly, even state chartered banks had some degree of contingent liability, in some cases more stringent than federal law.
De Leon said such scenarios were highly unlikely, but having a contingent liability fund was deemed prudent to avoid disturbances in the government's budget.
For instance, during the credit crisis of 2008 in the US, several contingent liability instruments such as Collateralised Debt Obligations and Credit Default Swaps became real liabilities, leading to bankruptcy of such big companies as Lehman Brothers and Bear Stearns.
ACE also offers a Contingent Liability option that provides protection if a contracted Independent Operator purchasing Occupational Accident insurance attempts to obtain an award from the carrier's workers compensation policy.
This agreement reduces to GBP23.6m the reasonably possible contingent liability previously disclosed (and not accrued for) by the company in respect of VAT activities as of 31 March 2011.