Owner’s Risk

The words “At Owner’s Risk” used in the goods receipt only means that the owner would be liable for any loss/damage to the gods which are lying with the Company if such loss/damage was not caused by any negligence on the part of the carrier.

Owner’s, Landlords and Tenants Liability Insurance (OL&T)

Coverage for an insured against legal liability for bodily injury or property damage caused to others by negligence and arising out of the ownership, maintenance, or use of the premises designated in the policy and all operations necessary or incidental to those premises. A form of premises and Operations Liability Insurance designed to cover premises where the public is invited. The OL&T form has largely been replaced by Commercial General Liability Coverage Form (CGL).