Fire Damage Legal Liability Insurance Form

You can request a legal liability coverage form from your insurance provider which will give you additional coverage for any type of damage sustained by the commercial property while you are a tenant.

Fire damage legal liability insurance form. The form cp 00 40 legal liability coverage is designed to cover very specific situations that have arisen because of very specific contractual obligations. The standard cgl form cg 00 01 12 07 declares that the policy exclusions do not apply to damage by fire to premises while rented to the named insured or temporarily occupied by the named insured with permission of the owner. Cgl fire damage legal liability coverage vs. The cp 00 40 legal liability coverage form a commercial prospect rents space at a warehouse and his current agent tells him that the fire damage legal liability coverage on his cgl policy covers him there.

The prospective agent believes that the cp 00 40 legal liability coverage form is superior. The tenant s agent also can provide legal liability coverage on the property policy by endorsement which can be written on an all risk or special not just fire damage form for broader coverage. Fire legal liability coverage coverage of a tenant s liability for damage by fire to the rented premises including garages the tenant occupies. Fire legal liability insurance in the world of insurance for business there are many choices to be had.

Such coverage is usually provided as an exception to policy exclusions applicable to property in the insured s care custody or control ccc. It can be confusing for a business owner to choose what kind of coverage is needed in order to provide the most complete form of protection from an act of god damages or liability. Note also that the insured s cgl form will provide some fire legal liability coverage.