What Does Contractual Liability Insurance Mean?
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
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.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z