What does Railroad Sidetrack Agreement mean? Read on to discover the definition & meaning of the term Railroad Sidetrack Agreement - to help you better understand the language used in insurance policies.
Railroad Sidetrack Agreement
An agreement between a railroad and a business in which the railroad agrees to build a siding on the property of the business, and the business will hold the railroad harmless for certain liability arising out of the use of the sidetrack. Sidetrack agreements are "insured contracts" under the provisions of standard contractual liability insurance coverage.
We hope the you have a better understanding of the meaning of Railroad Sidetrack Agreement.