What Does Partner Mean?

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

Partner

Partner

A member of a partnership or firm; one who has united with others to form a partnership in business and who participates fully in the profits, losses, and management of the partnership and is personally liable for its debts. Partners in a named insured partnership under a commercial general liability (CGL) policy automatically qualify as insureds.

We hope the you have a better understanding of the meaning of Partner.

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