What is an Extended Reporting Period Endorsement?

A commercial general liability insurance policy plays a crucial role by covering a wide range of liabilities which a company may be exposed to. The policy offers protection against claims which are related to bodily injury or property damage for which your company may be liable to pay. In short, the policy covers a wide […]

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What Does General Aggregate Mean in Insurance Policy?

A general aggregate is a crucial term in commercial general liability insurance, which is necessary for all policyholders to understand. In commercial general liability insurance, the general aggregate is the maximum amount of money the insurer will pay out during a policy tenure. The general aggregate limit places a ceiling on the insurer’s obligation to […]

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What is the Difference Between Claims Made and Occurrence?

When you have a commercial general liability insurance policy, you get the option to choose between two types of policies—claims made and occurrence. Let’s understand the difference between both of them – Coverage Starts In case of an occurrence policy, the coverage starts the time an injury takes place during the policy term. While it […]

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What are the differences between commercial general liability, general aggregate, and umbrella liability?

A commercial general liability insurance policy covers a wide range of liability loss exposure which can be faced by various organisations. Most importantly, a commercial general liability is the foundation for most of the liability insurance policies of the organisation’s liability insurance policies. General liability and umbrella liability are two broad categories of the commercial […]

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What is Occurrence Based Malpractice Insurance?

An occurrence-based malpractice cover, which comes under commercial general liability insurance, protects the policyholder from a covered incident that ‘occurs’ during the tenure of the policy, irrespective of the fact when the claim is filed. It means an occurrence based policy will cover those claims as well which arise even when the policy had cancelled […]

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What is Liability Insurance?

Liability insurance is a part of the commercial insurance which is there to protect the purchaser of the policy (i.e. policyholder) from the various risks of liabilities which 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. If […]

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