Commercial general liability coverage is considered the essential and fundamental insurance coverage for businesses. Commercial general liability insurance policy provides vital protection to businesses against a wide range of potential liabilities and risks. Having commercial lines insurance allows businesses to focus on their growth without constantly worrying about unexpected liabilities due to lawsuits or claims. […]
What is Pollution insurance cover?
Pollution Insurance Cover Pollution insurance covers property damage and third-party liability resulting from pollution or contamination. The commercial and environmental indemnity markets initially developed the cover for such events and offered products tailored to deal with perceived gaps in existing coverage within other forms of traditional liability insurance policies. Pollution Insurance cover include financial protection […]
Environmental liability insurance (ELI) – Coverage and Benefits
The environment plays a crucial role in keeping our planet Earth healthy and thus it is our responsibility to protect the environment. With a lot of importance given to nurturing environmental consciousness, the government has formulated various environmental laws and keeps bringing new legislation related to environmental safety. Companies operating in industries like the energy […]
What is Bailee’s liability insurance coverage?
Today, the world has become more competitive for businesses, along with the increased litigation risks. It is imperative for businesses to have commercial general liability insurance to protect themselves against the financial consequences arising from various risks. The type of liability risks may vary depending on the nature of the business, the industry it belongs […]
What is a vicarious liability in CGL policy?
Business owners, even when not directly involved, often bear vicarious responsibility for liabilities stemming from the negligence and mistakes of employees, agents, and other parties associated with the business. Vicarious liability can be a huge financial burden for businesses if liability insurance is not in place. Hence, Vicarious Liability in CGL Policy is a cover […]
What parts of automotive liability are covered and not covered under CGL?
Commercial & General Liability ( CGL ) policy provides coverage for Non-Owned and Hired Automotive Liability referred to as NOHAL. Let us understand the paradigm under which NOHAL works – A company would need to take necessary steps to ensure that its own fleet operation covers properly in the event of an accident. But a […]
Read about Five recent insurance related litigations in the Supreme Court
Five recent insurance related litigations in the Supreme Court and What They Mean for Policyholders I. Claims can be rejected if material information is not disclosed when buying insurance Reliance Life Insurance v. Rekhaben Nareshbhai Rathod – Supreme Court litigation This case was about a basic principle of insurance law: if the insured does not […]
Exclusions of commercial liability insurance
A commercial liability insurance policy is very handy for businesses. It protects a business against liabilities arising out of its operations, such as damage to property or injury at the workplace, or damage to reputation. So what are exclusions of commercial liability insurance? What does commercial liability insurance not cover? While commercial liability insurance is […]
What is a Commercial General Liability Policy?
Commercial General Liability Policy (CGL) protects your business against any liability arising from third-party for bodily injury or property damage and personal injury caused to them. It means, if your company, product, your work, or anything associated with your business causes injury to someone like your client or their property, you could be legally held […]
What to expect from your Commercial General Liability Policy?
One of the most important insurance covers that any responsible business organisation is expected to avail is the Commercial General Liability Policy (CGL Policy). It is a protection provided to business organisations for expenses incurred due to third-party (non-employee) liabilities. These include mainly the claims or medical expenses of third-party due to accidental damage or […]