Define: Comprehensive General Liability

Comprehensive General Liability insurance, also known as CGL insurance, is a type of insurance policy that provides coverage for a wide range of liability risks faced by businesses. It typically covers bodily injury, property damage, personal injury, and advertising injury claims.

Comprehensive General Liability insurance is recommended for all businesses, regardless of their size or industry. It helps protect businesses from potential lawsuits and financial losses resulting from accidents, injuries, or property damage caused by their operations.

CGL insurance typically covers legal defence costs, settlements, and judgments related to bodily injury or property damage claims caused by the insured’s negligence. It may also cover claims related to personal injury, such as defamation, slander, or invasion of privacy, as well as advertising injury claims arising from copyright infringement or false advertising.

Yes, CGL insurance policies often have exclusions for certain types of claims, such as intentional acts, professional errors or omissions, pollution, and employee injuries (which are typically covered by workers’ compensation insurance). It is important to carefully review the policy to understand the specific exclusions that may apply.

The amount of coverage needed varies depending on the size and nature of your business. It is recommended to consult with an insurance professional who can assess your specific risks and help determine the appropriate coverage limits for your business.

Yes, many CGL insurance policies allow for the addition of additional insureds, such as clients, landlords, or subcontractors. Adding additional insureds provides them with coverage under your policy for claims arising out of their relationship with your business.

Yes, you can typically cancel your CGL insurance policy by providing written notice to your insurance provider. However, cancellation may be subject to certain terms and conditions outlined in the policy, such as a minimum notice period or potential cancellation fees.

Yes, many insurance providers offer the option to purchase CGL insurance online. However, it is advisable to consult with an insurance professional to ensure you are adequately covered and understand the terms and conditions of the policy.

The cost of CGL insurance varies depending on factors such as the size of your business, industry, location, coverage limits, and claims history. It is best to obtain quotes from multiple insurance providers to compare prices and coverage options.