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Simple English definitions for legal terms

business-risk exclusion

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A quick definition of business-risk exclusion:

A business-risk exclusion is a rule in some insurance policies that says they won't cover certain things that happen in a business. This includes things like damage to the business's product, problems with contracts, or recalls of products. It's like saying, "We won't pay for things that are just part of doing business." This helps insurance companies avoid having to pay for things that are expected to happen in a business, and it helps businesses understand what they can and can't expect from their insurance policies.

A more thorough explanation:

A business-risk exclusion is a provision in some commercial general liability insurance policies that excludes coverage for common risks associated with doing business. This includes harm to the insured's product or work, damages arising from a product recall, damages arising from the insured's failure to perform under a contract, or damages arising from a failure of the insured's product to perform as intended.

For example, if a company manufactures a faulty product that causes harm to a consumer, the business-risk exclusion may prevent the company from being covered for any resulting damages or lawsuits. Similarly, if a company fails to fulfill a contract with a client, the exclusion may prevent coverage for any resulting damages or legal action.

The purpose of the business-risk exclusion is to limit the liability of insurance companies and encourage businesses to take responsibility for their own risks and losses.

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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