Casualty insurance is primarily concerned with the losses caused by injuries to persons and legal...
commercial general liability policy CGL
The commercial general liability (CGL) policy is a standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.
Additional Information
The CGL policy was introduced in 1986 and replaced the "comprehensive" general liability policy.
Summary
Synonyms
comprehensive general liability policy
Related Terms
Contractual liability insurance covers liability of the insured assumed in a contract.
