Protection against loss arising out of legal liability to pay money for damage or injury to others for which the insured is responsible. It does not include automobile or business operation liabilities.
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A type of insurance that reimburses the policyholder if he becomes liable to pay money for damage or injury he has caused to others; this form does not include automobile liability but does include almost every activity of the policyholder except business operations.
Insurance Encyclopedia
Comprehensive personal liability insurance (Liability Insurance)
Insurance that covers individuals in their private lives, as opposed to their professional lives, against liability stemming from accidents.
Comprehensive Personal Liability Policy (CLP)
Comprehensive personal liability pays for negligent acts or negligent maintenance of premises by the insured. It does not cover automobile insurance and all business activities are excluded. It is usually attached to a homeowners or renters insurance policy. While it may, in certain circumstances be purchased alone, this is rare.Examples of claims include having the insured’s dog bite the postman, serving alcohol to an obviously inebriated guest who then has an auto accident, failure to maintain the front steps causing a guest to fall and be injured, and food poisoning people at a church supper with under-cooked chicken.
Comprehensive physical damage (automobile)
Traditional name for physical damage coverage for losses by fire, theft, vandalism, falling objects, and various other perils. On personal auto policies, this is now called other than collision coverage. On commercial forms, it continues to be called comprehensive coverage.
Comprehensive physical damage coverage
Optional insurance that pays for damage to the insured’s automobile caused by events other than collection or rolling the car over such as fire, theft, vandalism, flood, or hail. This type of insurance is frequently required if a person has taken out a car loan.
Comprehensive Policy
In Automobile and Liability Insurance, this is an all-risk coverage with certain named exclusions.
Comprehensive policy (Vehicle Insurance/Liability Insurance)
A policy covering all risks with exclusions named in the contract.
Comprehensive program
See: comprehensive major medical (CMM) insurance.
Comprehensive Project Insurance (CPI) for Engineering Insurance
Major projects and investments present great opportunities but also harbor risks. Introducing Comprehensive Project Insurance (CPI) covering Construction risks such as bridges, tunnels and dams and Erection risks such as complex industrial facilities and power stations which have to be commissioned and undergo a performance test before take over by the client. The Policy is usually a tailor made policy designed to cater to the insurance requirement of each insured separately and appropriately. Usually it is reinsurance driven cover. Section IA Covers Project Works – complete industrial facilities, machinery, construction project above or below ground, preparatory work at construction site, any material to be used in the construction work stored at the site. Additional covers are for loss or damage from faulty manufacture. Section 1B is Marine Cargo Insurance taken out for transport of major items particularly from abroad. The period of insurance covers the construction and erection period including testing and defects liability phase. Sum insured to be the new replacement value. Section 2 covers third party liability including cross liability. Section 3 covers Delay in Startup. Section 4 is for Marine Cargo.
Comprehensive type of foundation
A type of foundation that designs and sponsors prepaid health programs or sets minimum benefits of coverage.