Commercial Liability Insurance policy has declaration of different limits. Even though the limits are separate, they stand inter-connected and hence knowledge of the same becomes vital. Insurance holders should understand how the limits of liability apply in the commercial general liability policy. A list of Commercial liability insurance includes: General Aggregate Limit Products/Completed Operations Aggregate […]
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Who is qualified as an Insured under Commercial General Liability Insurance?
Commercial General Liability protects the insured against bodily injury and property damage. But it is essential to understand who is insured under this Commercial General Liability policy. Persons or Organizations can qualify as insureds. So, who can qualify as insured under a specific condition are below. Sole Proprietorships: In the case of an individual, insured […]
What Are Supplementary Expenses Covered By Commercial General Liability Insurance?
Insurers cover various supplementary expenses under commercial general liability insurance. These charges, however, may vary according to different insurance policy providers. Following are some of the supplementary expenses commonly covered by Commercial General Liability Insurance: Claim Adjustment Expenses Claim adjustment expenses, as the name suggests, are the expenses incurred in the settling of insurance claims. […]