Contractual Liability – A Love/Hate Story

| Business Insurance, Flood Insurance, General Liability Insurance, Insurance education, Risk Management.

If, in the course of business operations, you have signed a lease or subcontract agreement, then contractual liability is a part of your life, whether you realize it or not. Contractual liability, simply put, is the obligations or liability you assume by agreeing to the terms of a contract. To illustrate, let’s look at very… Read more »