Contractual Obligations

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October 28, 2023 4 min read Definitions

Impaired Property in Liability Insurance: Understanding Risks and Coverage

Insurance Legal Studies Risk Management Insurance Liability Insurance Impaired Property Risk Management Contractual Obligations

Learn about impaired property in liability insurance, a term that refers to property rendered less useful or unusable due to the insured's defective work or incomplete contractual obligations.

October 25, 2023 4 min read Definitions

Indemnity Bond: Definition, Importance, and Function in General Insurance

Finance Legal Studies Risk Management Insurance Indemnity Bond Legal Terms Contractual Obligations Financial Protection

Learn about indemnity bonds in general insurance, their significance in protecting against losses, and how they ensure the principal's performance. Understand the key aspects and benefits.