A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees.
A commercial general liability (CGL) policy protects your business from financial loss should you be liable for property damage, bodily injury, personal and advertising injury caused by your services, business operations or your employees.
CGL coverage protects your business if, after selling a product you made, the product injured someone or harmed someone’s property—even if they signed a waiver. Check out our previous article, “3 Defective Product Examples Your Business Can Learn From” for more examples of product liability lawsuits.
The “claims-made” CGL is triggered when a claim for bodily injury or property damage is made against an insured. … This is the very essence of a claims-made CGL policy—the claim must be made against an insured during the policy period to trigger coverage.
The typical Commercial General Liability (CGL) policy provides protection against claims of bodily injury or property damage for which your business may be liable.
A CGL policy can help mitigate your loss when your business is found liable for an injury to a third party either on or off your premises. For example, if a customer is coming up the steps to your retail store and they slip and fall, they can file a lawsuit against your business for any injury that was caused.
If bodily injury or property damage is caused by the release or discharge of pollutants from the premises (including a former premises) of an insured, the CGL excludes coverage. It does not matter whether the release of pollutants was sudden or gradual—coverage is excluded.
A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees. It covers non-professional negligent acts.
In other words, the court explained, that injury is “expected,” and thus not an “accident,” if it was “practically certain” to flow from the insured’s acts or omissions. … Based on the above, the court could not agree that CGL coverage is inherently unavailable for claims of gross negligence.
CGL coverage B protects you from claims of slander, libel, false arrest, and even improper eviction. In addition, it provides some coverage for improperly using copyrighted material in your business.
Claims-made policies include a retroactive date, which is usually the effective date of the first policy the insurance carrier writes for an insured. Generally, the claims-made form will not provide any coverage for claims arising out of events that take place prior to the retroactive date.
Which of the following conditions would not be found in a CGL policy written on the occurrence form? The Insured’s Right to Claim Information — This condition is found in the claims-made form only. … An advertising contract — An advertising contract is not one of the insured contracts.
Comprehensive General Liability Insurance (CGL) is a combination of Product Liability and Public Liability. … It will also cover the operations, product and premises hazards. Medical expenses of the injured third-party as part of the public liability insurance cover.
Which of the following would be an insured under the CGL policy? The spouse of an individual or partner is also an insured. … Premises and operations exposure includes the insured’s legal liability for bodily injury or property damage arising out of his/her business premises or operations (away from the premises).
|CGL||Commercial General Liability|
|CGL||Chronic Granulocytic Leukemia|
|CGL||Catalyst Game Labs (est. 2007; InMediaRes Productions)|
|CGL||Comprehensive General Liability (insurance)|
Liability insurance provides protection against claims resulting from injuries and damage to people and/or property. Liability insurance covers legal costs and payouts for which the insured party would be found liable. Provisions not covered include Intentional damage, contractual liabilities, and criminal prosecution.
The CGL policy does not cover infringement of others’ intellectual property; other than claims of violating someone else’s copyright, trade dress, or slogan in advertising.
Definition. Suspension of Coverage Endorsement — a commercial and personal auto coverage endorsement that suspends certain coverages for specified vehicles when the vehicles will not be used for a period of 30 days or more.
Per Occurrence Limit — in liability insurance, the maximum amount the insurer will pay for all claims resulting from a single occurrence, no matter how many people are injured, how much property is damaged, or how many different claimants may make claims.
Homeowners insurance is a package policy. This means that it covers both damage to property and liability or legal responsibility for any injuries and property damage policyholders or their families cause to other people. This includes damage caused by household pets.
If the general aggregate limit is on a “per location” basis, that means it will apply to each location of the policyholder. This typically is used by owners of buildings and retail stores since they have many different locations and they want aggregate limits for each location.
Property damage is defined in the CGL as “physical injury to tangible property, including all resulting loss of use of that property,” and “loss of use of tangible property that is not physically injured.” “Bodily injury” is defined as “injury, sickness, or disease sustained by a person, including death.”
While many insureds are familiar with pursuing insurance coverage for bodily injury and property damage, a CGL policy can also cover certain consequential damages if they can be characterized as damages “because of” property damage or bodily injury.
General Liability insurance will defend your business and indemnify a third party if you are responsible for someone else’s injury, disease or sickness, general liability insurance pays expenses such as : Medical care costs, Loss of services and Court-awarded compensation for deaths or injuries that result from an …
Breach of Contract Claims
On occasion, a policyholder will seek coverage under the CGL policy for a breach of contract claim. … In other words, the focus should not be on whether the claim is in contract or tort but rather on whether there is bodily injury or property damage caused by an occurrence.
Personal and Advertising Injury coverage is part B of the Commercial General Liability (CGL) policy related to commercial insurance. This coverage part of the CGL does not deal with bodily injury or property damage liability.
Property damage is injury to real or personal property. An example could be a chemical leak on a piece of real estate, or damage to a car from an accident. Property owners can obtain property insurance to protect against the risk of property damage.
What Is General Liability Coverage? Unlike commercial property coverage, general liability only provides coverage for damage and injuries your business causes to a third party. It does not cover damage to your business’ own property or injuries to your employees.
No Harm, No Coverage—Personal and Advertising Injury Liability Coverage in the CGL (Part 1) Most of our experience with the commercial general liability (CGL) policy is with bodily injury or property damage claims. … In other words, most claims involve physical harm to a person or their property.
Tail coverage is a part of how your business insurance coverage works if it’s written on a claims-made form. It gives your business protection for claims that are reported after your insurance policy ends. This coverage is also known as an extended reporting period.