Commercial General Liability Policy provides protection against Bodily Injury, Property Damage, advertising injury and personal injury to a Third Party for which an Insured company is held legally Liable. The policy can be tailormade to cover worldwide territory/jurisdiction.
CGL Provides coverage for,
Premises and operations Liability:
Bodily injury and/or property damage to third party arising out of insured’s Premises and/or their Operations.Product and completed Operations:
Includes bodily injury and property damage occurring away from premises you own or rent and arising out of your product or your work except, Products that are still in your physical possession, Work that has not yet been completed or abandoned.Personal and advertising injury liability:
Slander or damage to reputation falls under personal injury. Advertising injury protects companies from charges of negligence that result from the promotion of its own goods or services.Personal and advertising injury means injury, including consequential bodily injury, arising out of false arrest, detention or imprisonment, malicious prosecution etc.
Medical Payments:
Medical expenses for bodily injury caused to third party by an accident (First aid administered at the time of an accident. Necessary medical, surgical, X-ray and dental services, including prosthetic devices and Necessary ambulance, hospital, professional nursing)Fire Damage / Damage to Premises rented to you
Small Sublimit is introduced to take care of Small damages due to Fire, Explosion water discharge from a pipe or water system; or impact of a motor vehicle.Who is indemnified?
1. Insured Company2. At the request of the Insured, any party who enters into an agreement with the Insured for any purpose of the Business.
Protection provided
1. Legal costs in defending allegations or suits brought against the insured entity.2. Award granted by court to the claimants
Extensions: Various extensions are available to suit the industry/business of the insured.