Severability of insurance

Severability of Interests Clause — a policy provision clarifying that, except with respect to the coverage limits, insurance applies to each insured as though a separate policy were issued to each. Thus, a policy containing such a clause will cover a claim made by one insured against another insured.

What is the meaning of severability?

What Is Severability? Severability, also known by the Latin term "salvatorius," is a provision in a piece of legislation or a contract that allows the remainder of the legislation's or contract's terms to remain effective, even if one or more of its other terms or provisions are found to be unenforceable or illegal.

What is blanket contractual liability?

Blanket contractual liability coverage is coverage that applies to liability that is. assumed by the contractor in contracts. It covers liability where the contractor may not be negligent but has agreed to be responsible for loss or damage under a provision of a contract.