What does Owners Landlords and Tenants Liability Policy mean? Read on to discover the definition & meaning of the term Owners Landlords and Tenants Liability Policy - to help you better understand the language used in insurance policies.
Owners Landlords and Tenants Liability Policy
A now obsolete liability insurance coverage form designed for businesses whose liability loss exposure (other than automobile and workers compensation) derives principally from the business premises. Manufacturers and contractors, whose principal liability loss exposure derives from the business operations, products, or completed operations, commonly purchased a manufacturers and contractors (M&C) liability policy. Now both types of businesses are customarily insured under a commercial general liability (CGL) policy.
We hope the you have a better understanding of the meaning of Owners Landlords and Tenants Liability Policy.