Watercraft Nonowned Insurance

Definition of "Watercraft nonowned insurance"

Lin Lowe real estate agent
Lin Lowe, Real Estate Agent Dalton Wade Inc

Endorsement to commercial general liability insurance (CGL) for a business responsible for boats it does not own. Whether the boats are leased from another firm or owned by employees who operate them for the benefit of the business owner, a business has a liability exposure that is not covered by a CGL policy; the special endorsement is needed for this coverage.

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