the CGL can only cover up to the limit stated in the policy. In the United States, commercial general liability is a common policy in the insurance market. Businesses prefer purchasing this type of insurance policy because it covers many business-related common risks. The risks that CGL is ma...
Commercial General Liability typically provides coverages for expense stemming from allegations of bodily injury or property damage such as: Amount the insurer spends to investigate or defend the claim or suit brought against you Other costs incurred directly by the insurance company, such as lawyer ...
Knowles, William
An industry leading Third Party Administrator in the handling of claims in the commercial general liability and surety fields.
Commercial general liability insurance policy means an 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 (...
In 2022, the net claims incurred by commercial property insurance in Canada amounted to approximately 5.7 billion Canadian dollars. This is around one billion Canadian dollars higher than the net commercial property claims incurred in 2021. In contrast, in 1990, there was 1.3 billion Canadian dollar...
Historical Long-Tail Claims in California Subject to a Vertical Exhaustion Rule By Will S. Bennett Oct 23, 2024 California’s complex saga of long-tail injury coverage under general liability policies took an interesting turn in the California Supreme Court’s recent decision inTruck Ins. Exch. ...
As far as specific rules are concerned, the Romans received and preserved the two institutions of the general average and themaritimeloan that had been developed earlier. They added two other rules of maritime law: the liability of the shipowner for contracts concluded by the ship’s master (...
Commercial insurance companiesalso sell excess liability coverage, which can be purchased in order to cover claims that exceed the limit of the CGL policy.3Some commercial general liability policies may have exclusions that restrict what actions are covered. For example, a policy may not cover the ...
while those made of fire-resistant materials could earn a discount. Additions to an existing structure might affect a fire rating, so it's a good idea to talk to an agent or insurance company before remodeling. Internal structural elements can also change a fire rating. Using wood partitions,...