Contractual liability insurance
Term · Insurance and risk management · MLC-T-INS-000955
Coverage that protects an insured against liability assumed under a written contract or agreement. This insurance specifically addresses the risk of being held responsible for another party's negligence or for specific obligations outlined in a contract. It is often included as part of a general liability policy, subject to certain exclusions and limitations.
| Identifier | MLC-T-INS-000955 |
|---|---|
| Field | Insurance and risk management |
| Subject | Commercial Liability |
Record as JSON
{
"id": "MLC-T-INS-000955",
"term": "Contractual liability insurance",
"field": "Insurance and risk management",
"definition": "Coverage that protects an insured against liability assumed under a written contract or agreement. This insurance specifically addresses the risk of being held responsible for another party's negligence or for specific obligations outlined in a contract. It is often included as part of a general liability policy, subject to certain exclusions and limitations.",
"subject": "Commercial Liability",
"url": "https://mlchart.com/terminology/insurance/contractual-liability-insurance/"
}
Record 770 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.