Risk context
Liability wordings turn on activity description. A business that has changed what it does, or where it does it, may be operating outside the description on its schedule.
Contractual requirements from customers frequently drive the indemnity limit, which is a commercial question as much as an insurance one.
Concepts that appear in this class
- Indemnity limit
- The maximum the insurer will pay, applied per claim or in the aggregate depending on the section.
- Business description
- The activities recorded on the schedule define the scope of cover. Changes are normally disclosable.
- Territorial and jurisdiction limits
- Where work is carried out, and where a claim may be brought, are treated as separate questions.
- Contractual liability
- Liability assumed under contract may be treated differently from liability at common law.
These are general descriptions of terms commonly used in this class of insurance. They do not describe your policy. Whether any of them apply, and on what terms, is determined by the wording, schedule and endorsements issued to you.
What moves the terms
- 01Trade, activities and any work at height or hot work
- 02Employee numbers, wageroll and use of subcontractors
- 03Contract requirements imposed by customers
- 04Export markets and where products end up