A typical GGL policy includes coverage for contractual liability. In other words, it covers your business if it is sued for breaching a contract that you enter into with another party. But this coverage does not apply to all contracts. Contracts that are covered are considered “insured contracts”. Blanket contractual liability coverage applies to any contract that is not specifically excluded.
The following are typically insured contracts:
Lease of premises
Sidetrack agreement
Easement or license agreement
Indemnifying a municipality (except for work for the municipality)
Elevator maintenance agreement