Punitive damages are compensation awarded in a legal case that exceeds what is needed to help the injured person. Unlike monetary damages, which reimburse victims for actual harm, punitive damages penalize the wrongdoer for serious actions and aim to deter others from similar behavior in the future.
Punitive damages can be awarded in these cases:
The amount of punitive damages can vary depending on how serious the defendant’s actions were and the laws in that area. In some situations, courts may set limits to make sure they are not excessively high compared to damages for torts or breach of contract claims.
At PSIC, we genuinely care about protecting your finances. If you are declared legally responsible for damage to someone else’s person or property, we’re here to support you according to your policy’s terms.
However, it’s important to note that punitive damages arise from actions that are often intentional. Since we operate on the principle of good faith, we do not provide coverage for costs that are classified as punitive damages in court. We want you to feel secure and informed, and we’re always here to help you understand your coverage and options.
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Privacy Notice at Collection for CA employees
Last updated: June 27, 2023
We take the privacy of our employees and applicants very seriously. Please read this notice carefully as it contains important information on the personal information that we collect, why we collect it, how long we keep it, and that it is not sold to third parties.
Other terms used but not defined will have the meaning set forth in the CCPA, as amended by the CPRA, Cal. Civ. Code §§ 1798.100—1798.199.100, and accompanying regulations set forth under Cal. Code Regs. tit. 11, § 7000 et seq.
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Purposes for Collecting and Using Your Personal Information
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We will not retain your personal information for longer than necessary for the purposes set out in this notice. Different retention periods apply for different types of personal information.
When it is no longer necessary to retain your personal information, we will delete or anonymize it.