Liability coverage purchased by the policyholder as a protection against possible lawsuits filed by a third party. The insured and the insurer are the first and second parties to the insurance contract. (See First-party coverage )

"Third-party Coverage" In Context

"By covering unofficial products so much, I feel that these articles disappeared. Those articles didn't disappear because of the third-party coverage, they disappeared because the people who were doing them stop writing them. And/or disappeared never to be ..."