Manufacturers And Contractors Liability Insurance
Coverage for liability exposures that result from manufacturing and/or contracting operations in process on a manufacturer's premises (all locations of ongoing operations) or, in the case of the contractor, off-premises operation at a construction site. Excluded are activities of independent contractors, damage to property by explosion, collapse, and underground property damage. Additional coverages apply to the acts of the insured's employees when constructing new structures, demolishing old structures, and changing the size and/or location of existing structures.
Popular Insurance Terms
Policy in which a premium (the deposit) is paid in the first policy year, in addition to the regular term insurance premiums required. The deposit is left to accumulate at interest for a ...
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Model state law of the NAIC that requires the insurance agent who is replacing the policy to: give the policyholder a replacement notice; forward a signed copy of the replacement notice to ...
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