December 2012 Dec Page

Article of the Month

Contractual liability insurance can be defined as coverage for the named insured's liability that is created when it assumes the financial consequences of another's negligent acts or omissions that results in bodily injury or property damage to a third party. To better understand contractual liability coverage as provided by a CGL policy, some knowledge of the mechanics is required. The article on the Public Liability M.30 pages offers this knowledge.

This article discusses the meaning of contractual liability, who the common parties are, and the policy mechanics. Also explored are what an insured contract entails, as well as the nature of contracts that do not qualify for purposes of contractual liability coverage under the CGL form. See Contractual Liability Insurance.

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