Blanket contractual liability insurance
Term · Insurance and risk management · MLC-T-INS-000567
Coverage that extends to all contracts under which the insured assumes the liability of another party, without requiring each contract to be specifically listed. This type of insurance protects the insured against claims arising from hold harmless agreements or other contractual obligations. It provides broader protection than scheduled contractual liability coverage.
| Identifier | MLC-T-INS-000567 |
|---|---|
| Field | Insurance and risk management |
| Subject | Commercial Liability |
Record as JSON
{
"id": "MLC-T-INS-000567",
"term": "Blanket contractual liability insurance",
"field": "Insurance and risk management",
"definition": "Coverage that extends to all contracts under which the insured assumes the liability of another party, without requiring each contract to be specifically listed. This type of insurance protects the insured against claims arising from hold harmless agreements or other contractual obligations. It provides broader protection than scheduled contractual liability coverage.",
"subject": "Commercial Liability",
"url": "https://mlchart.com/terminology/insurance/blanket-contractual-liability-insurance/"
}
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