A contractor's employee had possession of master keys for several dorm buildings at a university. While at lunch, he accidentally left the keys on a ladder and they were gone when he returned. The university had to rekey all of the dorm buildings. The contractor's CGL carrier has denied the claim, citing exclusion j.(4) and the lack of direct damage to tangible property. Is this correct?
Big ‘I” members must be logged in to view all the content on this page.