Simple definition
Contractual requirements to maintain specified insurance coverage.
Compliance
What Does Insurance Mean?
Contractual requirements to maintain specified insurance coverage.
Example in a contract
The supplier must maintain professional liability insurance.
What insurance means in a contract
In a contract, this term should be read in the context of the surrounding clause, defined terms, cross-references, and governing law.
Why it may matter
Its practical effect depends on the exact wording and how it connects to the rights and obligations elsewhere in the agreement. Review the exact language rather than relying on the label alone.
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FAQ
Questions about insurance.
What does insurance mean in plain English?+
Contractual requirements to maintain specified insurance coverage.
Where might insurance appear in a contract?+
In a contract, this term should be read in the context of the surrounding clause, defined terms, cross-references, and governing law.
Is this definition legal advice?+
No. ClauseInsight provides concise informational explanations. The legal effect of a term depends on the complete document, facts, and applicable law.