contractual liability insurance policy

• Limitations of Liability

... in warranties, disclaimers, waivers, insurance policies, and contract terms. They also may take t...Insurance "Policy Limits". By far, the lion's share of monetary dama...Contractual Terms. Standard limitation-of-liability clauses ar...

• Gale Encyclopedia of Everyday Law
• Healthcare

• Erie Ins. Group v. Grange Mut. Cas. Co., (Ohio 2008)

Liability incurred as cosigner on a lease was contractual and not within the definition of an "occurrence" in cosigner's homeowner's insurance policy.

• Ohio Supreme Court

• Mid-Continent Casualty v. Union Insurance, (10th Cir. 2011)

... S&W under a general commercial insurance policy. Union Insurance Company covered S&W under a comme... the MWSC, S&W had assumed Noble's tort liability for injuries to S&W's subcontractors. Because Mr. ...The "Contractual Liability Exclusion" limits coverage for, among ot...

• Federal Circuits

• Commercial Dispute Resolution Briefing, July 2011.

... agreement was void or contrary to public policy, the Court of Appeal concluded that the English co...'s findings of fact in relation to a contractual dispute between father and son were against the we... assumed responsibility for tortuous liability for pure economic loss. The decision also highligh... matters to the guarantors, unlike an insurance contract, this obligation does not extend to discl...

• Mondaq Business Briefing
• Nbr. 2011, January 2011

• 10 CFR 140.91 - Appendix A—Form of nuclear energy liability policy for facilities.

... not constitute workmen's compensation insurance as required under the laws of any state. II. Defin... but this provision does not limit the contractual obligations of the companies under this policy or ...

• Code of Federal Regulations - Title 10: Energy

• Limiting Accountants' Liability Through Engagement Letters

Many CPA firms use engagement letters containing clauses that seek to minimize their exposure to legal liabilities for audits, reviews, compilations, and other professional services. In September 2006, the AICPA's Professional Ethics Executive Committee (PEEC) issued an exposure draft (ED) to interpret Rule 101 that updated a similar September 2005 exposure draft. In light of the comment letters and other evidence, the PEEC abandoned the exposure draft and, instead, issued Ethics Interpretation 501-8. This interpretation recognized that individual regulators have already adopted rules that restrict the use of certain clauses in audit or other attestation engagements. Mitigating risk through limited liability clauses is a complicated issue for US auditors. The AICPA's issuance of Ethics ...

... (ADR) agreements to help control their insurance and other costs, especially for clients operating ... diat were secondary beneficiaries to contractual relationships. Lastiy, the National Association of... common law when it conflicts with public policy or federal acts. For example, in the 1995 Allied-B...

• CPA Journal, The
• Vol. 79 Nbr. 11, November 2009

• Bondex International, Inc. v. Century Indemnity Company, (6th Cir. 2011)

... Defendant. and. ALLSTATE INSURANCE COMPANY [09-3091];. MT. MCKINLEY INSURANCE COMPANY... thousands of asbestos-exposure products-liability lawsuits that began in 1981. Many Nos. 08-4735, 0...The relevant policies, issued in Ohio for policy periods spanning from 1973-1985,1 did not expressl...McKinley under the "Contractual Liability" provisions of the policies issued by it...

• Federal Circuits

• Bondex International, Inc. v. Century Indemnity Company, (6th Cir. 2012)

... ALLSTATE INSURANCE COMPANY (09-3091);. MT. MCKINLEY INSURANCE COMPAN... thousands of asbestos-exposure products-liability lawsuits that began in 1981. Many of the underlyin...The relevant policies, issued in Ohio for policy periods spanning from 3092/3304/3307 ...McKinley under the "Contractual Liability" provisions of the policies issued by it...

• Federal Circuits

• Broker Doesn't Raise Insured's Reasonable Expectations

Regis Insurance Co v. All American Rathskeller Inc (2009 Pa.Super. 99 (Pa.Super. 05/28/2009)) teaches important lessons to those who place business as an insurance broker rather than as an agent, and transact insurance with, but not on behalf of, a particular insurer. The case includes but doesn't limit: 1. A person acting as a broker cannot represent the insurer or bind it to extra-contractual comments. 2. Representations made by a broker to the insured do not raise reasonable expectations of coverage. 3. The broker should be certain to explain the fact that he or she is only representing the insured and document that fact in writing. 4. Making representations of coverage that are different than that promised by the policy can expose the insured to personal liability. 5. The broker sho...

• American Agent & Broker
• Vol. 81 Nbr. 8, August 2009

• Bondex International, Inc. v. Century Indemnity Company, (6th Cir. 2011)

... Defendant. and. ALLSTATE INSURANCE COMPANY [09-3091];. MT. MCKINLEY INSURANCE COMPANY... thousands of asbestos-exposure products-liability lawsuits that began in 1981. Many Nos. 08-4735, 0...The relevant policies, issued in Ohio for policy periods spanning from 1973-1985,1 did not expressl...McKinley under the "Contractual Liability" provisions of the policies issued by it...

• Federal Circuits