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Care, custody, and control (Liability)

A category of property typically excluded in liability policies. Items considered to be in the care, custody, and control of the insured are typically not covered by liability policies because they either belong to the insured and are therefore better covered under property insurance, or the item is with the insured because he or she is the bailor of this property. In that case, the property is better covered under a bailor or baillee’s insurance form.

Care, custody, or control

An expression common to liability insurance contracts. It refers to an exclusion in the policy eliminating coverage for damage to property of others that is in the insured’s care, custody, or control. The insured has a bailee relationship to the property, in other words, making the insured liable for the care of the property beyond damage caused by negligence. A bailees floater is often used to cover the insured’s obligation for the care of such property.

Care, custody, or control (CCC)

An exclusion common to several forms of liability insurance, which eliminates coverage with respect to damage to property in the insured’s care, custody, or control. Coverage for this exposure is available under other, more specific forms of insurance, such as motor truck cargo and garagekeepers insurance. In some cases, CCC has been determined to entail physical possession of the property; in others, any party with a legal obligation to exercise care with respect to property has been deemed to have that property in its CCC.

Career agent

Full-time insurance company representative licensed by the state who sells insurance policies and services to the policyholder for the insurer and sends all or almost all of his or her business to that company. He or she may also act as a broker with other companies.