TWO WAY CROSS LIABILITY CLAUSE Clause Samples
The Two Way Cross Liability Clause ensures that, for insurance purposes, each party covered under a policy is treated as if they have separate insurance coverage when making claims against each other. In practice, this means that if one insured party causes damage to another insured party under the same policy, the insurer will handle the claim as though each party has their own individual policy, rather than treating them as a single entity. This clause is essential for preventing coverage gaps and ensuring that all parties receive fair treatment in the event of inter-party claims, thereby clarifying liability and protecting the interests of all insured parties.
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TWO WAY CROSS LIABILITY CLAUSE. It is agreed that the inclusion of more than one Insured in this Policy shall not affect the rights of any Insured as respects any claim or suit by any other Insured, or by any employee of such other Insured. The Policy shall insure each Insured in the same manner as though a separate policy had been issued to each and the Underwriters hereby agree to waive all rights of subrogation which they may have or acquire against any party insured hereon arising out of an accident or occurrence in respect of which any claim is made hereunder. PROVIDED NEVERTHELESS that nothing contained herein shall operate to increase the Underwriters liability as set forth elsewhere in the Policy beyond the amount or amounts for which the Underwriters would have been liable if only one Insured had been named.