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Simple English definitions for legal terms
exclusion a
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A quick definition of exclusion a:
Exclusion A refers to a provision in some insurance policies that excludes coverage for certain events or conditions. This can include things like damage caused by the insured's own product, harm to an employee, or pollution. Exclusion A is often the first exclusion listed on a policy and is sometimes called the "expected/intended exclusion." It is important to understand what is excluded from coverage in your insurance policy to avoid surprises when making a claim.A more thorough explanation:
Definition: Exclusion A refers to an item of income that is excluded from gross income or a provision in an insurance policy that excludes certain events or conditions from coverage.
Examples:
- Annual exclusion: This is the amount of nontaxable gift income allowed during the calendar year. For an individual, the first $10,000 in gifts can be excluded; for married persons, the exclusion is $20,000 per donee for joint gifts, regardless of which spouse supplied the donated property.
- Expected/intended exclusion: This provision in some commercial general liability policies excludes coverage for property damage or bodily injury that is expected or intended by the insured, except any harm arising from the use of reasonable force to protect a person or property.
- Pollution exclusion: This provision in some commercial general liability policies excludes coverage for bodily injury or property damages arising from the discharge, dispersal, release, or escape of chemicals, waste, acid, and other pollutants.
The examples illustrate how exclusion A can refer to different types of exclusions in different contexts. In tax law, it refers to income that is excluded from gross income, while in insurance policies, it refers to provisions that exclude certain events or conditions from coverage. The examples also show how specific types of exclusions work, such as the annual exclusion for gift income, the expected/intended exclusion for liability insurance, and the pollution exclusion for environmental damage.