What does Decennial Liability mean? Read on to discover the definition & meaning of the term Decennial Liability - to help you better understand the language used in insurance policies.
An insurance coverage required of contractors by owners in some foreign countries (such as France) that covers the costs to rectify a total or partial collapse of the construction. It draws its name from the fact that it covers this risk for 10 years following completion of the project.
We hope the you have a better understanding of the meaning of Decennial Liability.