The amount of public liability cover you need depends on the kind of business you do and what kind of coverage your clients are expecting. Further, while deciding on the cover, you should think about the scale of work you do. Along with the possible compensation amount that you would have to pay in case […]
Liability Insurance
What damages are covered by a CGL policy?
An organization interacts with its employees, contractors, clients, vendors, and other parties during its course of business operations. If any of these parties suffer an injury or loss due to the business premises or its operations, a claim can be filed for the same. Having a commercial general liability insurance policy can help protect the […]
What is Liability Insurance?
Liability insurance is a part of commercial insurance which is there to protect the purchaser of the policy (i.e. policyholder). Various risks of liabilities can arise from lawsuits and similar claims. There are various types of liability insurance policies, like cyber risk, directors’ & officers’ liability insurance, product liability, etc. Commercial general liability insurance is […]
What are the different types of liability insurance?
A liability insurance policy offers to cover business owners, professionals, and self-employed people against the cost of compensation claims due to malpractice, injury, or negligence. So, let’s discuss what are the different types of liability insurance policies. There are different types of liability insurance policies as mentioned below: 1) Commercial general liability (CGL) policy: A […]
What are the duties of Insured under Commercial Liability Insurance?
Commercial Liability insurance policies are an important protection for corporate policyholders. They are known for providing defense and indemnity coverage against claims for bodily injury and property damage. This policy enlightens on the major duties of an Insured under Commercial Liability Insurance. Listed below are the duties of an insured under Commercial Liability Insurance in […]
What Does General Liability Insurance Policy Cover for Contractors?
In the case of contractors and those who are involved in construction businesses, a general liability insurance policy covers the cost of lawsuits that are filed by third parties over bodily damage or property injury caused by their business or any of their employees. It means, if your construction business is sued, you would have […]
What is limits of insurance in Commercial Liability Insurance?
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 […]
What is Generally Excluded Under Coverage A of the Commercial General Liability Insurance Policy?
Commercial general liability insurance protects you against various claims related to property damage or bodily injury which may arise against your organization and for which you may be liable to pay. The commercial general liability insurance policy covers an extensive range of liability loss exposure faced by various firms. Commercial general liability insurance offers extensive […]
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 […]
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 […]