commercial liability insurance - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “commercial liability insurance”

commercial liability insurance

noun [U]
 
 
INSURANCE, LAW
insurance that pays a company's legal costs if someone takes legal action against them for injury or property damage: A commercial liability insurance policy wasn't purchased until more than a year into the project.
(Definition of commercial liability insurance from the Cambridge Business English Dictionary © Cambridge University Press)
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