One general liability loss exposure develops as a result of a written

One general liability loss exposure develops as a result of a written or oral agreement to assume the legal liability of another party.

A lease that specifies that the building owner is held harmless for liability arising out of use of the building is an example. This liability loss exposure is
A) premises and operations liability.
B) contractual liability.
C) products and completed operations liability.
D) contingent liability.

ANSWER

Answer: B