General Liability

Commercial general liability insurance protects you against various claims related to property damage or bodily injury which may arise against your organization and for which you may be liable to pay. The commercial general liability insurance policy covers an extensive range of liability loss exposure faced by various firms.

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Coverage

Exclusion

Death, injury or accidental damage to the property, in case of any problem in the product manufactured by the insured
The plan compensates claims due to accidents, injury and damage taking place on your premises in connection to your business
Various categories of professions like doctors and lawyers
Liabilities falling on them due to any omission or mistake done by them while offering the service
Death or injury or occupational disease taking place during the course of the employment
Injuries caused due to mental loss, loss of reputation, defamation and other similar matters
Costs due to recall of any product
Liability due to pollution
Illegal personal profit

Employment Practice litigations

Regulatory investigations

Customer suits

Accounting irregularities

Other stakeholder claims

 

 

Lacking contractual obligations. For example, the company might reject the claim for damage due to fire, if you have not kept fire extinguishers in your factory, which is mandatory as per the law.