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.
Popular Insurance Terms
Discharge of electricity from the atmosphere, one of the perils covered in most fire insurance policies. ...
Termination date of coverage as indicated on the insurance policy. ...
number of people born as a percentage of the total population in any given period of time. ...
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Tax charged to finance the old age, survivors, disability, and health insurance (OASDHI) plan. Both employer and employee share in the cost, making contributions on an equal basis. The ...
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Same as term Expiration: termination date of coverage as indicated on the insurance policy. ...
Agreement by the insurance company to keep the universal life insurance policy in force, even if the cash value becomes zero or less than zero, provided that a specified minimum ...
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