Comprehensive General Liability Insurance (cgl)

Definition of "Comprehensive general liability insurance (cgl)"

Nicole Middlebrooks real estate agent

Written by

Nicole Middlebrookselite badge icon

RE/MAX REGENCY

Coverage against all liability exposures of a business unless specifically excluded. Coverage includes products, completed operations, premises and operations, elevators, and independent contractors. This form has been replaced by the commercial general liability form (CGL).
Products coverage insures when a liability suit is brought against the manufacturer and/or distributor of a product because of someone incurring bodily injury or property damage through use of the product. (The manufacturer of the product must use all reasonable means to make certain that the product is free from any inherent defect.) Completed operations coverage for bodily injury or property damage incurred because of a defect in a completed project of the insured. Premises and operations coverage for bodily injury incurred on the premises of the insured, and/or as the result of the insured's business operations. Elevator coverage for bodily injury incurred in an elevator or escalator on the insured's premises. Independent contractors coverage for bodily injury incurred as the result of negligent acts and omissions of an independent contractor employed by the insured.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Early type of no-fault automobile insurance developed by two law professors, Robert Keeton and Jeffrey O'Connell. Its basic premise is that for many accidents it is impossible to place the ...

Wrongful inaction; failure to act; inactivity. ...

Coverage in the event that negligent acts and/or omissions by individual (s) and organization (s) result in damage to the environment and a liability suit against these parties. ...

Payment under a state-sponsored program for victims of crimes. ...

Total premiums written by a ceding company minus premiums ceded to its reinsurer. ...

Average earned monthly income of the insured wage earner after regular earned income has been interrupted or terminated because of illness, sickness, or accident. This income amount is ...

Sanction or affirmation by an insurance company of acts of its agents that become the acts of the company, with all the legal obligations these acts entail. ...

Statement of the types of exposures classified under marine, inland marine or transportation insurance by placing them in the following categories: imports, exports, domestic shipments ...

Time period in health insurance that must elapse between a previous illness and a current one, if the current one is to be considered a separate illness eligible for a new set of benefits. ...

Popular Insurance Questions