A typical commercial general liability insurance covers claims of bodily injury or property damage. Your company may become liable to pay for such claims. A CGL insurance policy comes with comprehensive coverage. Under commercial general liability insurance, there are two coverages available— liability cover and medical expense cover. The liability cover provides coverage for third-party […]
Articles Tagged: General Liability Insurance
What are the differences between commercial general liability, general aggregate, and umbrella liability?
Overview When managing business risks, understanding the differences between Commercial General Liability (CGL), General Aggregate Limits, and Umbrella Liability Insurance is crucial. ✅ Key Differences: Feature CGL (Commercial General Liability) General Aggregate Limit Umbrella Liability Purpose Covers basic third-party liabilities Maximum amount payable during policy Extends limits beyond CGL & other policies Coverage Type Premises, […]
Does General Liability Insurance Covers Property Damage?
Yes, commercial general liability insurance also covers property damage. A typical commercial general liability insurance covers loss or damage which may arise due to bodily injury or property damage for which your business may be responsible for paying. Overall, commercial general liability insurance offers coverage in case of bodily injury and property damage for which […]