Variant of NAICS 1997 - Labour Force Survey (LFS) Industries

524125 - Direct Liability Insurance Carriers

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. Examples of liability insurance are product liability insurance, professional malpractice insurance and directors' liability insurance.

  • Example Activities:

    • Direct liability insurance carriers
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