insured contract
Insured contract is a defined term common in liability policies that provides limited exceptions to the contractually assumed liability exclusion by stating that the exclusion does not apply to liability assumed in an "insured contract."
insured contract
Insured contract is a defined term common in liability policies that provides limited exceptions to the contractually assumed liability exclusion by stating that the exclusion does not apply to liability assumed in an "insured contract."
Additional Information
The definition of the term varies, but in most cases, it will extend some coverage for liabilities assumed in an enforceable hold harmless provision of a commercial contract.
