A property or liability insurance contract in which all risks of loss are covered except those specifically excluded. Coverage for explosions caused by steam boilers, compressors, engines, electrical equipment, flywheels, air tanks, and furnaces. Prevention of loss is emphasized even more than indemnification of loss. The unlawful taking of property from within premises, entry to which has been obtained by force, leaving visible marks of entry. The event giving rise to the claim may or may not occur in a prior year.
Coverage applies no matter who causes the accident.
The liability of a contractor for completed work that the owner has accepted or for work abandoned by the contractor. The failure of an applicant to reveal, before the insurance contract is made, a fact that is material to the risk. Circumstances under which an insurance contract is in force. Breach of the conditions is grounds for refusal to pay the loss. Losses other than property damage that occur as a result of physical loss to a business-for example, the cost of maintaining key employees to help reorganize after a fire.