risk in worst-case scenarios. The general aggregate limit in your CGL insurance is an example of that balancing act. It places a ceiling on the insurer's obligation to pay for bodily injury, property damage, medical expenses and lawsuits that may occur to a business during the policy's ...
What is an integer? A simple definition of integers is they are positive and negative numbers along with zero. Integers are not fractional numbers. For example, -10, -5, 0, 5, 10, etc. are integers.
Cartilage is defined as a type of connective tissue that provides structural support and protection for the body's joints. Explore more at BYJU’S Biology
What Is Wrap-Up Insurance? Wrap-up insurance is a policy for either very large construction projects that cost upwards of $10 million ($3-5 million in California) or for a string of smaller but related construction projects that are just as expensive in total. ...
Figure 1: Traditional insurance involves purchasing coverage from an established insurance company with standard terms and premiums, while group captive insurance is a form of self-insurance among a group of businesses that share risks and costs, allowing for more customized coverage and potentially low...
A CGL policy protects against liability claims for bodily injury and property damage. A waiver of subrogation comes into play when bodily injury or property damage covered by your insurance was caused by or contributed to the upstream party’s fault. Although that party is ...
Environmental insurance is designed to respond to claims stemming from the release of pollutants into the environment. These policies are needed to fill a gap in coverage created by the pollution exclusion in the standard CGL policy. Standard CGL policies define a “pollution event” in part as ...
Commercial general liability (CGL) insurance is a type of policy that provides coverage to a business for bodily injury, personal injury, and property damage arising from the business’s operations, products, or injuries that occur on the business’s premises.1 Commercial general liability insurance...
The term absolute pollution exclusion refers to a commercial liabilityinsurancepolicy clause that does not include coverage for pollution that stems from regular business operations. Absolute pollution exclusions became common forcomprehensive general liability (CGL)insurance policies after 1986 when standard p...
No matter what version of the CGL policy you are dealing with, it is absolutely necessary for counsel to read and understand the case law of the jurisdiction that will be applied by the court in deciding the insurance coverage dispute.James A. Johnson...