What does CGL commercial general liability insurance policy do not cover? (2024)

What does CGL commercial general liability insurance policy do not cover?

The major exclusions under a CGL policy include: intentional injury; insured contracts; liquor liability; workers compensation and employers liability; pollution; aircraft; automobile; watercraft; mobile equipment; war; care, custody, and control; damage to your work; impaired property; sistership liability; and ...

What cost does commercial general liability insurance not cover _________________?

Commercial general liability policies may cover the cost of any accidental damages as a result of the business' operations or the legal costs of defending a suit. Commercial general liability does not provide protection against intentional damages, or any type of accident involving automobiles, aircraft, or watercraft.

Which of the following is not covered by the CGL?

Liability arising out of expected or intended injury is not covered by the CGL policy.

What do CGL policy limits apply regardless of?

(ISO), commercial general liability (CGL) insurance policy begins by making it clear that the limits shown in the declarations fix the most the insurer will pay regardless of the number of insureds, claims made, or suits brought or persons or organizations making claim or bringing suits.

What may commercial general liability insurance policies not cover?

General liability insurance may not cover accidents resulting in injuries to your employees, only accidental third-party injuries. For example, if a customer slips and falls in your restaurant, general liability can cover it.

What is covered under the Commercial General Liability policy?

A Commercial General Liability (CGL) policy protects your business from financial loss should you be liable for property damage or personal and advertising injury caused by your services, business operations or your employees.

Who is not insured under the commercial general liability policy?

Under the CGL policy, a corporate parent is not afforded coverage as an insured. Subsidiaries are afforded coverage in limited instances.

How are commercial general liability premiums calculated?

General liability premium is calculated using a combination of industry classification codes, claims history, payroll, business revenue, and an insurer's own proprietary methods.

How much is a 2 million dollar general liability insurance policy?

On average, an insurance policy that offers coverage for up to $2 million can cost about $30 a month in premiums.

What are the exclusions in a CGL policy?

Typical exclusions will include liability for injuries covered by other policies, such as injuries to your own employees and liability for activities not really a part of your business, such as playing on the company softball team.

Which of the following would not be included in a commercial package policy?

Commercial package policies can't include certain items like workers' compensation or directors-and-officers insurance. Workers' compensation insurance is required by law and must be purchased as a separate policy. Directors-and-officers policies are necessary for non-profit organizations.

What does CGL include?

– Various posts available through the SSC CGL exam include Assistant Audit Officer, Assistant Section Officer, Inspector of Income Tax, Tax Assistant, Junior Statistical Officer, and many others.

What coverage provided by the CGL does not include?

The CGL policy, accordingly, excludes liability coverage for bodily injury or property damage arising out of the ownership, operation, maintenance, or use of an auto that is owned or operated by or rented or loaned to any insured, ¹ but with certain exceptions.

What are the limits in a general liability policy?

The vast majority small businesses purchase a general liability policy with a $1 million per occurrence limit and a $2 million aggregate limit.

What is not considered an occurrence according to a CGL policy?

Defective performance of a contract is not an “occurrence” for two primary reasons. First, CGL policies do not cover “expected” damages, and damages limited to an insured's work product are “expected” business risks. Second, CGL policies do not cover damages relating solely to poor workmanship or defective products.

What are some situations that liability insurance doesn t cover?

Which of the following would be covered under Coverage C of the CGL?

CGL coverage C pays for medical bills arising from third party bodily injury regardless of your business's liability or negligence. This coverage will pay for smaller injuries and is often referred to as a “goodwill coverage” to provide some level of reputational protection in case a customer is injured.

Which of the following is not covered by coverage a of a Commercial General Liability policy without an endorsem*nt?

Final answer: Coverage A of a Commercial General Liability policy typically covers bodily injury, contractual liability, and damage due to the insured's activities. However, damage caused by pollutants is not typically covered and would require an added endorsem*nt.

What are the four most important categories of commercial liability loss exposures?

Organizations must effectively manage four categories of loss exposures: property, liability, personnel, and net income loss exposures.

How do you read a commercial general liability policy?

Is there a deductible for commercial general liability?

Most forms of small business insurance have a deductible, for example: General liability. Business owner's policy (BOP) Commercial property.

Which of the following would not be covered by the commercial general liability policy?

The Commercial General Liability Coverage form excludes bodily injury or property damage that the insured has assumed under any contract or agreement.

Who is insured under CGL?

Is commercial general liability insurance the same as professional liability?

General liability covers physical risks, such as bodily injuries and property damage. Professional liability insurance covers more abstract risks, such as errors and omissions in the services your business provides.

What is the general aggregate limit of a commercial general liability policy?

The aggregate limit of liability is the maximum total amount your insurer will pay out for all such claims over the course of your policy term. It is a cumulative total, combining the sum of all payouts for all individual claims. Think of it as the ceiling on coverage you can get over the duration of your policy term.