Contract of Insurance protecting the owner and contractor against the negligent actions of subcontractors they have hired.
Insurance Encyclopedia
Owner’s Clauses
Clauses drafted by ship owners or large exporters or importers for use in their Marine insurance policies.
Owner’s Liability
Liability of the owner of a building (as distinct from an occupier) for claims in respect of bodily injury or damage to property.
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 Trading Freight
The addition to the cost of the goods of a ship owner (or a charterer) carried in the ship owned (or chartered) which he charges at the port of delivery as the price of carriage.
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 The OL&T form has largely been replaced by Commercial General Liability Coverage Form (CGL).