What does Cross Liability Coverage mean? Read on to discover the definition & meaning of the term Cross Liability Coverage - to help you better understand the language used in insurance policies.
Cross Liability Coverage
Coverage in connection with a suit brought against an insured by another party that has insured status under the same policy. Cross-liability coverage is provided as an intrinsic feature of the standard commercial general liability (CGL) policy, by means of the "separation of insureds" condition. Some umbrella and professional liability policies contain insured-versus-insured exclusions that eliminate cross-liability coverage.
We hope the you have a better understanding of the meaning of Cross Liability Coverage.