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Cross liability works as a severability of interest. These are clauses in commercial insurance contracts which means the policy applies separately to each insured party.

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11y ago

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Actually what means cross liability?

Cross liability, sometimes referred to as "Joint Liability"is an instance where more than one person or entity is considered liable for a loss or injury.


Does cross-liability apply to workers compensation?

If injured on the job, and receiving WC benefits, there is no liability issue. Your employer cannot be sued by you or the insurer. If a third party caused your work injury, you can try suing that party at your own expense.


When does information become a liability for an organization?

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How does cross assembler work?

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What kind of insurance do you need for tree work?

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What account is affected when you received cash for work to be done in the future?

Increase in asset; increase in liability. Receiving money is revenue. receiving money you haven't earned yet means you owe that work. What you owe is a liability.


What does cross liability mean?

Cross liablity is where there are two named parties under the same insurance poliy. One may not make a claim against another and the overall limit is the same total amount.


Is unearned revenue a current liability when advance payment received for construction work?

no


What is general liability classification code 91581?

Contractors-SubContracted work-construction