In a marine cargo open cover, the limit of an Insurer’s liability on the value of cargo to be carried by any single vessel.
In a marine cargo open cover, the limit of an Insurer’s liability on the value of cargo to be carried by any single vessel.
A term used in commercial general liability insurance to designate that three hazards exist for the classification under review. Those three hazards are explosion, collapse and underground. The current CGL includes those coverages automatically in the basic form, but they may be deleted by endorsement.