Legal liability coverage form

{
  "id": "MLC-T-INS-001981",
  "term": "Legal liability coverage form",
  "field": "Insurance and risk management",
  "definition": "A standardized insurance form that provides coverage for a party's legal responsibility for damage to property of others while it is in their care, custody, or control. This form is often used by businesses that temporarily hold or work on property belonging to others, such as repair shops or storage facilities. It covers losses arising from perils like fire, explosion, or theft, subject to policy exclusions.",
  "url": "https://mlchart.com/terminology/insurance/legal-liability-coverage-form/"
}