Third-Party Property Damage covers the insured's legal liability for damaging property belonging to someone else during business operations, including physical loss of use of that property. It applies to incidents such as breaking a client's window, damaging flooring, or scratching a customer's vehicle. The insurer may pay the cost to repair or replace the property and may cover legal defence costs if proceedings follow. This is one of the core protections commonly requested in commercial contracts and is usually subject to a per-occurrence limit and an overall aggregate limit.
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