Channeling (insurance, legal)
Encyclopedia
Legal channeling is the act of legally making one entity responsible for an event, and thereby dismissing other parties from liability for an event.
For example; the third part liability for nuclear power plants is often channelled to the operator of the nuclear power plant. Therefore, contractors, who work at a nuclear power plant, do not have to have insurance in case one of their employees causes an accident with third party damages as a consequence.
For example; the third part liability for nuclear power plants is often channelled to the operator of the nuclear power plant. Therefore, contractors, who work at a nuclear power plant, do not have to have insurance in case one of their employees causes an accident with third party damages as a consequence.
See also
- Strict liabilityStrict liabilityIn law, strict liability is a standard for liability which may exist in either a criminal or civil context. A rule specifying strict liability makes a person legally responsible for the damage and loss caused by his or her acts and omissions regardless of culpability...
- Joint and several liabilityJoint and several liabilityWhere two or more persons are liable in respect of the same liability, in most common law legal systems they may either be:* jointly liable, or* severally liable, or* jointly and severally liable.-Joint liability:...
- Vicarious liabilityVicarious liabilityVicarious liability is a form of strict, secondary liability that arises under the common law doctrine of agency – respondeat superior – the responsibility of the superior for the acts of their subordinate, or, in a broader sense, the responsibility of any third party that had the "right, ability...