Territorial Limits Liability Insurance
Definition - What does Territorial Limits Liability Insurance mean?
Territorial limits liability insurance is a type of liability insurance that restricts coverage to professional or business activities performed in certain countries. The territorial limits depend on the needs of the insured.
Insuranceopedia explains Territorial Limits Liability Insurance
With most liability insurance coverage, particularly for companies operating internationally with offices and employees across the globe, determination of the applicable limits is necessary to secure the right coverage for the products or services. Selecting the appropriate territorial and jurisdictional limits to adopt is a matter of identifying the countries of operation where customers and clients are based or where professional services are performed.