#1
9th July 2015, 08:25 AM
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Purpose of CGL Insurance
Can anyone please tell me about that what is the purpose of Commercial General Liability (CGL) Insurance policy ???? Reply soon??
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#2
9th July 2015, 02:23 PM
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Re: Purpose of CGL Insurance
Dear friend as you are looking for the purpose of the CGL Insurancxe policy so here I am providing you some details: 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). Premises/operations coverage pays for bodily injury or property damage that occurs on your premises or as a result of your business operations. Products/completed operations coverage pays for bodily injury and property damage that occurs away from your business premises and is caused by your products or completed work. Excess liability insurance pays for covered losses that exceed your CGL policy's dollar limit. Umbrella liability insurance is excess liability insurance coverage above the limits of automobile liability and CGL policies. The umbrella policy also provides liability coverage for exposures not covered under the primary CGL insurance policies and not excluded by the umbrella liability insurance policy. CGL Insurance policy pdf file |