Premises Liability

Attractive Nuisance
An attractive nuisance is a legal concept in the context of property law. It refers to a hazard on a property that is inherently dangerous and particularly alluring to children, causing the property owner to assume liability for any accidents that occur as a result.
Comprehensive General Liability Insurance (CGL)
Comprehensive General Liability (CGL) insurance provides coverage against all liability exposures of a business unless specifically excluded. This includes coverage for products, completed operations, premises and operations, elevators, and independent contractors.
Elevator Liability Insurance
Elevator liability insurance provides coverage when a liability suit is brought against an insured for bodily injury incurred by a plaintiff as the result of using an elevator on the insured's premises.
Storekeepers Liability Insurance
Coverage for bodily injury and property damage liability resulting from ownership, use, and/or maintenance of the insured business's premises, completed operations, and products. It includes medical payment expenses for bodily injuries caused by hazardous conditions and defense costs for liability suits.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.