Contract provisions in insurance
To avoid unintended consequences when drafting insurance provisions in contracts, it is important to consider such provisions in light of the nature and availability of the policies which the contemplated transaction or project may require, as well as any indemnities that may be prescribed by the contract. What Are General Provisions? Major General Provisions If you've read through the long document that goes through all the benefits of your insurance plan, you know that at the very bottom, there is an odd section called "general provisions." But what are general provisions and how do they affect your insurance?