coverage which provides bodily injury and property damage for occurrences arising out of the liability assumed by the insured under a specified contract.
Liability assumed by a party under a contract by express language, implication, or operation of law. A "hold harmless" clause.
A legal obligation voluntarily assumed under the terms of a contract, as distinguished from liability imposed by the law (legal liability)
Liability of others assumed by agreement, and which would not otherwise exist.
Liability assumed under any contract or agreement. Coverage is generally limited in liability policies, but in most cases may be provided for an additional premium.
Liability for certain written assertations by design professionals, such as certification of area calculations, that may not be covered under standard professional errors and omissions insurance. Separate contractual liability coverage is often required to cover area calculation certifications.
Legal liability of another party that the business firm agrees to assume by a written or oral contract. It is common in construction and other agreements (written or oral) for one party to assume the liability of another. This is sometimes referred to as a hold harmless agreement. The extent to which one holds another harmless varies from contract to contract, job to job, etc.
See Hold Harmless or Indemnity Agreements.
Liability that does not arise by way of negligence but by assumption under contract. For example, in certain leases, a tenant may assume a landlord's liability to others for unsafe conditions on the premises. Some such assumptions are covered automatically under the Commercial General Liability form.
this coverage protects you against liability you assume by contract either written or implied.
Liability assumed under any contract or agreement, express or implied. Such liability is excluded in automobile liability policies and, with certain exceptions, most other liability policies unless there is a specific agreement on the part of the company to assume such liability.
Legal liability assumed under contract.
Liability which is assumed under a contract and is in addition to liability imposed by law.
Liability assumed by a contract either written or implied. Legal liability policies are based upon liability in tort or negligence and have very little coverage normally for contractual liability (with a possible exception of such matters as sidetrack agreements, etc.) However, contractual liability may be covered in many instances as an additional risk with an additional premium.
Liability which would not rest upon a person except that he has accepted responsibility by contract expressed or implied.
Liability assumed under agreements between people as distinguished from liability imposed by law (legal liability.)
The terms of a contract to which you must abide. There may be financial or even criminal penalties which you incur if if you do not meet your contractual liabilities.