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 Key Takeaways The “Material Fact” Standard: In the Rekhaben case, the SC clarified that “material” means any information that would influence a “prudent insurer.” Disclosing other […]
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 […]
Commercial general liability (CGL) insurance
Q1. What is Commercial General Liability (CGL) and why, as a business owner, you need it? Commercial general liability insurance, or CGL, is coverage that will protect your business in the event that you are sued by a third party for bodily injury and property damage. It is often used to cover claims against your […]
A Brief Guide To Commercial General Liability Insurance
The commercial general liability insurance policy offers protection to business owners by covering the defense cost and other legal costs arising due to third-party liability and product liability claims. It also provides coverage against premises liability claims arising due to injury or damage. If your business involves face-to-face interactions, invites visitors or clients at your […]
Amazing Tips For Buying Right Commercial General Liability Insurance
Running a small business is not the bed of roses as every day new challenges arise in the business landscape and you make mistakes often. But you can take definite action by purchasing commercial general insurance in order to tackle third-party liability claims against your business. Being a small business owner, you often overlook or […]
What Are The Perils of Commercial Liability for a Company?
If you own business factory or even a retail store, that you may have faced complaints of bad products causing damage and injury to them. A visiting customer getting injured while going through your store or factory. Such incidents are the perils considered under commercial terms, where a business owner or corporate could become liable […]