What does the CGL policy cover?

What does a CGL policy cover?

Commercial General Liability (CGL) insurance protects business owners against claims of liability for bodily injury, property damage, and personal and advertising injury (slander and false advertising).

What do CGL policy limits apply regardless of?

(ISO), commercial general liability (CGL) insurance policy begins by making it clear that the limits shown in the declarations fix the most the insurer will pay regardless of the number of insureds, claims made, or suits brought or persons or organizations making claim or bringing suits.

Who is not an insured under a CGL policy?

Under the CGL policy, a corporate parent is not afforded coverage as an insured. Subsidiaries are afforded coverage in limited instances.

Does CGL cover punitive damages?

As the CGL policy insuring agreement does obligate an insurer to pay "as damages" those sums an insured is legally obligated to pay because of bodily injury or property damage, the simple answer to the question is, "Yes, the ISO CGL policy does obligate the insurer to pay punitive damages." ¹² The legal prohibition of ...

What does CGL cover all except?

While every CGL policy is unique, certain exclusions are common across most policies. CGL policies generally exclude injury or damage caused by harmful, intentional or wrongful acts, pollution liability, professional liability, workers' compensation claims and vehicle liability.

What claims fall under general liability?

How Do General Liability Insurance Claims Work? General liability insurance covers bodily injuries and property damage claims that your business may have caused. If someone reports a claim or sues your business for one of these reasons, your general liability policy can help pay your costs to respond to it.

Does CGL cover loss of use?

The starting point is the CGL's Coverage A which typically provides coverage for “bodily injury and property damage liability”. In turn, “property damage” is typically defined to include the “loss of use of tangible property that is not physically injured”.

What are the three areas of general liability?

What do CGL do?

CGL is a national provider of support, treatment and rehabilitation programmes for those with substance misuse problems, crime and lack of opportunity. CGL's service users include: Adults and young people with substance misuse problems.

Does CGL cover data breach?

As mentioned above, CGL policies generally do not cover cyber liability. Some policies may claim cyber liability protection, but that coverage is minimal. Despite this, many people still hold the common misconception that CGL includes comprehensive cyber coverage.

Does CGL cover intellectual property?

In some instances, commercial general liability (CGL) insurance will help you in intellectual property disputes, and we regularly recommend that clients speak with an insurance broker to determine the right coverage for their business.

What is covered by a CGL policy?

The commercial general liability (CGL) insurance policy is the most common business insurance policy in America. This broad coverage insures businesses against property damage or bodily injury claims that arise out of your actions to others.

What is legally obligated to pay as damages?

Liability insurance policies generally provide that the insurer will pay on behalf of the insured “all sums” which the insured shall become “legally obligated to pay as damages” because of bodily injury or property damage to which the insurance applies.

What does a CGL provide liability coverage for?

Commercial general liability insurance, or CGL insurance, helps protect your business from claims that it caused bodily injuries or damage to another person's property. This coverage is also known as general liability insurance or business liability insurance.

Is theft covered under a CGL policy?

General liability insurance doesn't cover theft or burglary, but a commercial property insurance policy does. Commercial property insurance helps protect your business' physical assets, like your building, equipment, tools, inventory, furniture and personal property.

Which of the following would not be considered an occurrence according to a CGL policy?

Final answer: An intentional act by the insured resulting in harm would not be considered an "occurrence" under a CGL policy and is therefore not covered, as CGL policies generally exclude coverage for intentional harms.

How many limits are found in a CGL policy?

Six Interrelated Limits

The CGL policy lists on the declarations six different limits. While the policy lists separately each of the six limits, it is important to recognize that the limits are all interrelated. That is, a reduction of one limit by the payment of damages will also reduce another limit.

Does CGL cover discrimination?

Suits for discrimination DO NOT fall into any of the categories (bodily injury, property damage, or personal injury) included in your CGL or standard business owner's policy. Some business owners *may* have protection as a part of their employment practices liability (EPLI) coverage.

What is the deductible on a CGL policy?

What is a commercial general liability insurance deductible? A commercial general liability insurance deductible is the amount that a policyholder must pay out of pocket before their insurance coverage applies. The deductible can vary depending on the policy and the specific terms and conditions of the coverage.

Does CGL cover consequential damages?

The rule that the standard CGL language providing coverage for damages “because of” property damage includes consequential damages having a causal connection to covered property damage is followed by the majority of courts that have considered the question.