Comprehensive Liability Insurance

Definition of "Comprehensive liability insurance"

Policy providing businesses with coverage for negligence based civil liability in: (1) Bodily injury and property damage liability, on an occurrence basis, resulting from the ownership, use, and/or maintenance of the premises, completed operations and products. (2) Bodily injury and property damage liability for operation of an elevator. (3) Medical expenses resulting from bodily injury incurred by a member of the general public through the use of the premises or involvement in the operations. Medical expense reimbursement of the business is without regard to fault of the business.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Financial guarantee policy that insures against loss of principal invested in a mutual fund. ...

Coverage for exposures that exhibit a possibility of financial loss. ...

Coverage for a loss incurred by the insured resulting from an infringement of the insured's patent or coverage for a claim made against the insured resulting from infringement by the ...

Investment strategy that advocates the transfer of amounts from one category of investment to another category according to a perception of how each of these categories of investments will ...

Appreciation in the unsold assets' value. When assets are sold, their capital gain (loss) is shown on the insurance company's income statement; any unrealized gain or loss is not included ...

Record of debit or industrial insurance policies. ...

Income paid under a disability policy that is not covered under workers compensation benefits. It is usually expressed as a percentage of the insured's income prior to the disability, but ...

1957 federal law setting a limit on the liability of operators of nuclear facilities. The law, an amendment to the Atomic Energy Act of 1954, authorized establishment of private insurance ...

Federal statute relating to drug abuse policies that requires all employers with federal contracts at least equal to $25,000 to certify, as a condition of receiving a federal contract, that ...

Popular Insurance Questions