Meaning of “commercial liability insurance” in the English Dictionary

business-english dictionary

"commercial liability insurance" in Business English

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commercial liability insurancenoun [ U ]

uk us 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)