General Liability Insurance

Definition of "General liability insurance"

Coverage for an insured when negligent acts and/or omissions result in bodily injury and/or property damage on the premises of a business, when someone is injured as the result of using the product manufactured or distributed by a business, or when someone is injured in the general operation of a business.

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Popular Insurance Terms

Price an investor is willing to pay for a financial asset. ...

Coverage in the event an insured's negligent acts and/or omissions involving the construction of a new one- or two-family residential structure result in bodily injury and/or property ...

Exposures usually excluded from life and health insurance, or subject to a maximum limit if covered. ...

Coverage on an all risks basis for goods in transit, bailment, and while on the premises of others. ...

Insurance with two types of policies available: depositors forgery insurance; forgery and alteration. ...

Provides coverage during the construction of a bridge in the event of fire, lightning, collision, flood, rising water, windstorm, ice, explosion, and earthquake. This coverage is essential, ...

Costs incurred by an insurance company other than agent commissions and taxes; that is, mainly the administrative expense of running a company. ...

Agents' records showing when clients' policies expire. ...

Arrangement between two or more insurance companies under which the parties to the agreement waive their subrogation rights against the other. Most such agreements are no longer in use. ...

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