Commercial General Liability Insurance

Commercial General Liability (CGL) insurance is a type of insurance policy designed to protect businesses and organizations from financial losses resulting from liability claims and lawsuits. These claims typically arise from third-party bodily injury, property damage, or personal injury that occurs on the business premises or due to business's operations.

Key Features:

  1. Coverage for Third-Party Claims: CGL insurance provides coverage for claims made by third parties, which could include customers, clients, vendors, or members of the public who are injured or incur property damage due to the business's actions or negligence.
  2. Bodily Injury and Property Damage: CGL insurance typically covers bodily injury, which can include medical expenses, legal expenses, and potential settlements or judgments, as well as property damage, which can include the cost to repair or replace damaged property.
  3. Personal and Advertising Injury: This coverage often includes protection against personal and advertising injury claims, which can encompass libel, slander, copyright infringement, and other non-physical injuries that occur as a result of the business's advertising or promotional activities.
  4. Defense Costs: CGL insurance policies typically cover the costs of legal defense, including attorney's fees, court costs, and other related expenses incurred when defending against liability claims or lawsuits.
  5. Coverage for Premises and Operations: The policy typically covers claims related to accidents that occur on the business premises or as a result of the business's operations, even when those operations take place off-site.
  6. Product Liability: CGL insurance can also provide coverage for claims related to products that the business manufactures, distributes, or sells. This is particularly important for businesses involved in the manufacturing or retail industry.
  7. Limits and Deductibles: Like other insurance policies, CGL insurance typically includes policy limits (the maximum amount the insurer will pay for a covered claim) and deductibles (the amount the insured is responsible for before the insurance coverage takes effect).
  8. Additional Insureds: Many CGL policies allow for the inclusion of additional insured parties, such as landlords, contractors, or other entities, to extend liability coverage to them under certain circumstances.

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