limitation of liability vs limit of liability

Both 'limitation of liability' and 'limit of liability' are correct phrases, but they are used in slightly different contexts. 'Limitation of liability' is commonly used in legal documents to specify the extent to which a party's liability is restricted, while 'limit of liability' is more commonly used in insurance policies to indicate the maximum amount an insurer will pay for a claim.

Last updated: March 30, 2024 • 635 views

limitation of liability

This phrase is correct and commonly used in legal contexts to specify the extent to which a party's liability is restricted.

This phrase is typically used in legal documents to define the boundaries of liability for a party involved in a contract or agreement.

Show examples from the web [+]

No limitation of liability in limited partnerships.
Simultaneous application of other international conventions concerning the limitation of liability of shipowners
They sanction a principle that urgently needs to be modernised: limitation of liability.
The amount of the insurance for each and every ship per incident shall be equal to the relevant maximum amount for the limitation of liability as laid down in the 1996 Convention.
No limitation of liability in limited partnerships.
Revision of the amounts for limitation of liability and unit of account
Compulsory insurance and limitation of liability of insurers
Member States shall take the necessary measures to adapt their national law to the provisions on limitation of liability under the 1996 Convention.
ARTICLE 19 Other conventions on limitation of liability
The limitation of liability should apply against the company audited and any third party entitled under national law to bring a claim for compensation.
This Convention shall not modify the rights or duties of the carrier, the performing carrier, and their servants or agents provided for in international conventions relating to the limitation of liability of owners of seagoing ships.
marine pollution, limitation of liability for maritime claims, general average, and emergency towage and salvage;
However, because the ZT, as a legal person under public law, cannot invoke the rights accorded to private persons under the German Basic Law, this limitation of liability does not apply to the ZT.
This Convention does not modify the rights or duties of the carrier provided for in international conventions or national law relating to the limitation of liability of owners of inland navigation or maritime vessels.
I think a better term, and for all our sakes, a more accurate one, is "limitation of liability."
provision allowing any company to be audited and the statutory auditor or audit firm to determine a limitation of liability in an agreement.
Whereas the rules on the nature and limitation of liability in the event of death, wounding or any other bodily injury suffered by a passenger form part of the terms and conditions of carriage in the air transport contract between carrier and passenger;
Limitation of liability of carriers, etc.
Limitation of liability is at the expense of the environment.
Member States which are still party to the 1976 Convention on Limitation of Liability for Maritime Claims must denounce it.

Alternatives:

liability limitation
restriction of liability
liability cap

limit of liability

This phrase is correct and commonly used in insurance policies to indicate the maximum amount an insurer will pay for a claim.

This phrase is often found in insurance contracts to specify the highest amount an insurance company will pay for a covered loss or claim.

Show examples from the web [+]

The limit of liability for the registry administrator.
This will have for effect not to have a harmonised limit of liability through the European Union.
A State Party, which makes use of the option provided for in this paragraph, shall inform the Secretary-General of the limit of liability adopted or of the fact that there is none.
ARTICLE 7 Limit of liability for death and personal injury
This convention provides that the airline is presumed to be liable for damage and sets the limit of liability at USD 10000.
ARTICLE 8 Limit of liability for loss of or damage to luggage and vehicles
In such case, the amount set out in paragraph 1 applies as the limit of liability of the insurer or other person providing financial security, even if the carrier or the performing carrier is not entitled to limitation of liability.
As Article 7(2) of the Athens Convention concerns the limit of liability for death and personal injury, it is safer to specify that the application of this provision can be amended only through the co-decision procedure.
Does the limit of liability referred to in Article 22.2 of the Convention for the Unification of Certain Rules for International Carriage, signed in Montreal on 28 May 1999, include both non-material damage and material damage resulting from the loss of baggage?
The Protocol allows a State Party to regulate by specific provisions of national law the limit of liability for personal injury and death, provided that the national limit of liability, if any, is not lower than that prescribed in the Protocol.
references to the requirements of national law, national limit of liability and national currency shall be construed respectively as references to the requirements of the law, the limit of liability and the currency of the relevant territorial unit; and
ARTICLE 8 Limit of liability for loss of or damage to luggage and vehicles1 The liability of the carrier for the loss of or damage to cabin luggage shall in no case exceed 2250 units of account per passenger, per carriage.

Alternatives:

liability limit
maximum liability
coverage limit

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limitation of liability vs limit of liability