NAICS Canada 524125—Direct liability insurance carriers

Where 524125 sits

1. 52 Finance and insurance
2. 524 Insurance carriers and related activities
3. 5241 Insurance carriers
4. 52412 Direct insurance (except life, health and medical) carriers
5. 524125 Direct liability insurance carriers

Description

This Canadian industry comprises establishments in which more than 70 percent of nominal output is derived from underwriting liability insurance directly to policyholders. Nominal output is measured as premiums less claims plus investment income.

Liability insurance provides protection for legal liability to others for injury, death or damage to property which may arise in the course of carrying out occupational or personal activities.

Example activities

• directors liability insurance
• product liability insurance
• professional malpractice insurance
• directors liability insurance
• product liability insurance
• professional malpractice insurance

524125 in other systems