Commercial General Liability (CGL)

Commercial General Liability (CGL)

A Commercial General Liability (CGL) insurance policy provides a unique policy designed to protect the financial interest of the companies against the Product Liability and Public Liability claims. This is a very important policy for all companies which are in to manufacturing or development of physical or software products for its business or retail clients. CGL provides the insured protection against any financial loss that may occur from legal matters arising from bodily injury, death, personal injury, or property damage caused by insured’s operations or premises. A classic example of such a claim is Slip, Trip or Fell claim filed by a customer who visited your business premises and sustained injuries by slipping/tripping/falling.

  • Product Liability
  • Public Liability

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A Commercial General Liability (CGL) insurance policy covers expenses emanating from the exposure of following risks.

  • Bodily injury/Property Damage
  • Personal/Advertising Injury
  • Medical Payments, etc.

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In the event of an occurrence of the insured peril the insurance company is liable to pay the financial expenses up to the limit of indemnity opted for by the insured in this policy.

  • Defence Cost
  • Monetary Damages awarded to claimant along with any interest payable as per court order

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The most common exclusions under Commercial General Liability (CGL) insurance policy are.

  • Directors and Officers Liability
  • Professional Indemnity
  • Error or Omission
  • Criminal Acts
  • Deliberate/Intentional Acts
  • Workmen Compensation
  • Company’s own product damage

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