Question

___________ is the liability arising from contractual agreements in which it is stated that some losses, if they occur, are to be borne by specific parties.

Q: Answer-___________ is the liability arising from contractual agreements in which it is stated that some los...

Insurance that covers liability of the insured assumed in a contract. Under the standard commercial general liability CGL policy, such coverage is limited to liability assumed in any of a number of specifically defined insured contracts or to liability that the insured would have even in the absence of the contract.