Webliability: [noun] the quality or state of being liable. probability. WebMar 14, 2024 · A liability is an obligation of a company that results in the company’s future sacrifices of economic benefits to other entities or businesses. A liability, like debt, can be an alternative to equity as a source of a company’s financing. Moreover, some liabilities, such as accounts payable or income taxes payable, are essential parts of day ...

What Is General Liability Insurance Coverage? The Hartford

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What Is a General Aggregate in Insurance? The Hartford

WebSep 19, 2024 · The standard commercial general liability form outlines the parties that qualify for coverage in a section entitled Who Is An Insured. The first is the named insured, meaning the individual or company designated by name in the policy. The named insured may be a sole proprietorship, partnership, corporation or another type of entity. ... WebOct 6, 2024 · Contractual liability insurance is included in the standard insurance services office (ISO) general liability policy via an exception to the contractual liability exclusion found under Coverage A, Bodily Injury, and Property Damage Liability. The exception affords coverage for liability the insured assumes under an insured contract—a defined … WebMay 17, 2024 · General liability insurance covers things like bodily injury, property damage, and legal and medical expenses. So if someone slips on your stairs walking up to your … intel core i5 3317u drivers download