Glossary

Thermal pollution is caused by the discharge of heated water from industrial processes into a waterway or body of water in quantities that can harm plant or animal life in the water.

Third-party-over action is an action in which an injured employee, after collecting workers compensation benefits from the employer, sues a third party for contributing to the employee's injury.

The third-party administrator handles various types of administrative responsibilities, on a fee-for-services basis, for organizations involved in cash flow programs.

The third-party beneficiary principal is a legal concept that allows a third party to sue to enforce a contract to which it is not a party if the contracting parties intended to benefit the third party at the time the contract was executed.

Third party claims are liability claims brought by persons allegedly injured or harmed by the insured.

Third-party employment practices liability coverage refers to a separate insuring agreement contained within employment practices liability insurance (EPLI) policies that covers liability claims brought by nonemployees (typically, customers, clients, and vendors) against employees of the insured organization.

Third-party liability coverage refers to any type of insurance covering the legal liability of one party to another party.

A third-party litigation financing (TPLF) arrangement is a financial arrangement in which an outside party—unrelated to the lawsuit—provides funding to a plaintiff or law firm (typically on a nonrecourse basis) to cover litigation-related costs in exchange for receiving a future portion of any financial recovery from that case or group of cases.

Third-party litigation funding is a type of financing for litigation—a nonrecourse loan that limits the lender's recovery to the collateral alone. In exchange for an agreed share of the proceeds of a successful claim, a third-party litigation funder will normally fund some or all of the legal costs and disbursements to take the claim to trial. If the claim is not successful, the funder loses its investment.

A third-party payer is the insurer or other health benefit plan sponsor that pays for medical services provided to a patient.