What is the Definition of Commercial General Liability Insurance/Cgl?

What is the Definition of Commercial General Liability Insurance/Cgl?

A broad commercial policy that covers all liability exposures of a business that are not specifically excluded. Coverage includes product liability, completed operations, premises and operations, and independent contractors.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Commercial General Liability Insurance/Cgl?

What is the Definition of Commercial General Liability Insurance/Cgl?

Check out other definition of insurance terms below:


What is the Meaning of DEATH BENEFIT In Insurance Terms?

(1) For a life insurance contract, the amount of money paid by an insurer to a beneficiary when a person insured under the life insurance policy dies. (2) For an annuity contract, the amount of money paid to a beneficiary if the contract owner dies before the annuity payments begin.


What is the Meaning of DECLARATION In Insurance Terms?

Part of a property or liability insurance policy that states the name and address of policyholder, property insured, its location and description, the policy period, premiums and supplemental information. Referred to as the “dec page.”


What is the Meaning of DECLINED RISK CLASS In Insurance Terms?

In insurance underwriting, the group of proposed insureds whose impairments or anticipated extra mortality are so great that an insurer cannot provide insurance coverage to them at an affordable cost. Also known as uninsurable class. Contrast with Preferred risk class, Standard risk class and Substandard risk class.


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