AMERTEC-GRANADA, INC., APPELLANT,
v.
OLD REPUBLIC INSURANCE COMPANY, APPELLEE
PER CURIAM.
The final summary judgment under review is affirmed on the ground that no coverage is afforded under Old Republic’s liability policy for Amertec’s personal contractual expenses. The contractual liability endorsement provides coverage for the purpose of indemnifying a third party for damages in tort, not for business expenses directly incurred by the insured as a result of its contractual obligations. Continental Insurance Co. v. Bussell, 498 P. 2d 706 (Alaska 1972). See also Aetna Casualty and Surety Co. v. Hanna, 224 F. 2d 499 (5th Cir.1955); International Surplus Lines Insurance Co. v. Devonshire Coverage Corp., 93 Cal.App.3d 601, 155 Cal.Rptr. 870 (Ct.App.1979); Garden Sanctuary, Inc. v. Insurance Company of North America, 292 So. 2d 75 (Fla.2d DCA 1974); Haugan v. Home Indemnity Co., 86 S.D. 406, 197 N.W. 2d 18 (1972).
Affirmed.
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Join FLexlaw to unlock all legal intelligenceAuthorities Cited
- Felton A. Brooks v. State, 292 So. 2d 75 (Fla. 2d DCA 1974)
- The AETNA Cas. & Sur. Co. v. Hanna, 224 F.2d 499 (5th Cir. 1955)