The comprehensive general liability (CGL) policy is a wider form of cover than the public liability insurance policy. The CGL policy provides coverage for liability (including legal defence costs and expenses) for death, bodily injury and/or property damage to any third party arising out of business activities of the insured. The coverage can be extended to include Product liability and/or liability for completed operations.
The following are some of the common extensions included under the CGL Policy depending upon the business of the insured :
The CGL policy is generally taken on an umbrella basis to provide coverage to the entire business operations of a company/group with substantially high liability limits. The policy can be taken as ‘primary policy’ or on an ‘excess of loss’ basis.
Covers legal liabilities to third parties arising out of the business operations
Covers legal liability to third party caused by products sold or supplied by the insured
Insurance to compensate the insured employees in respect of any bodily injury, disease, illness or death suffered in the course of employment
Covers legal liability incurred by individual directors and officers resulting from their negligence while performing their duties of running the organisation
Covers the errors and omissions of professionals whilst performing their duties
Covers the errors and omissions of medical professionals and institutions