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LSDefine

Simple English definitions for legal terms

failure-to-perform exclusion

Read a random definition: ATVEF

A quick definition of failure-to-perform exclusion:

A failure-to-perform exclusion is a rule in some insurance policies that says they won't cover certain things. For example, if someone doesn't do what they promised to do, or if their product doesn't work properly, the insurance won't pay for any damage or losses that result. It's like a way for the insurance company to protect themselves from having to pay for things that aren't their fault.

A more thorough explanation:

Definition: A provision in some commercial general liability policies that excludes coverage for the loss of use of undamaged property resulting from the insured's delay or failure in performing an obligation, or a design defect or failure in the insured's product.

Example: A construction company has a liability insurance policy that includes a failure-to-perform exclusion. If the company fails to complete a project on time and the client suffers financial losses due to the delay, the insurance policy will not cover the damages.

This exclusion is designed to protect insurance companies from claims that arise from the insured's failure to perform their obligations. It is important for businesses to carefully review their insurance policies to understand what is and is not covered.

failure to perform | failure to protect

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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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