Common use of Contingent Risk Clause in Contracts

Contingent Risk. 5.5.1 It is a condition precedent to the insurer’s liability under these insured sections that adequate liability insurance is held by any operator which the insured engages which includes an indemnity to the insured for any liability arising from the activities of the operator to the insured.

Contingent Risk. 5.5.1 a) It is a condition precedent to the insurer’s liability under these insured sections that adequate liability insurance is held by any operator which the insured engages which includes an indemnity to the insured for any liability arising from the activities of the operator to the insured.