What Does Contractual Liability Insurance Mean?

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What does Contractual Liability Insurance mean? Read on to discover the definition & meaning of the term Contractual Liability Insurance - to help you better understand the language used in insurance policies.

Contractual Liability Insurance

Contractual Liability Insurance

Insurance that covers liability of the insured assumed in a contract. Under the standard commercial general liability (CGL) policy, such coverage is limited to liability assumed in any of a number of specifically defined insured contracts or to liability that the insured would have even in the absence of the contract.

We hope the you have a better understanding of the meaning of Contractual Liability Insurance.

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