What is the definition of Commercial General Liability Insurance (CGL)?
A Commercial General Liability Insurance or CGL is a commercial policy that protects from any and all liability that may arise in the course of doing business. This coverage is only applicable to liabilities that are not specifically excluded in the policy contract.
The coverage includes protection against liability from product failure, accidents and injuries during operations and in the business premises, completed operations and liabilities from independent contractors.
The Commercial General Liability Insurance usually has set limits for general liability, products and completed operations liability, medical payments, advertising and personal liability, as well as fire legal ability. There is also an aggregate limit for all claims to be paid for a year. When that limit for the year is reached, there will be no claims payments for the rest of that year.
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- Commercial Lines
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- Commercial Paper
- Commission
- Community Rating Laws
- Commutative Contract
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- Chartered Life Underwriter (CLU)