Commercial General Liability (CGL) Insurance
from Zoom Insurance
In this complex, global and connected world, businesses are increasingly plagued with ever-rising litigations and legal issues on account of their operations. This has resulted in greater liability risk and led to a higher need for customized risk management to protect the business interest directly as well as indirectly. What happens in the scenario of your organisation being threatened by a lawsuit? It is here when we come into the picture. We guide you through these complex issues and help you to focus on your core competence of running and growing your business, while we have got this issue covered. Commercial General Liability insurance was designed to protect your business from such Financial Losses. It aims to protect a business or organisation against any legal liability that involves paying compensation for damage or injuries incurred by a third party from your routine business operations be it your products and physical direct and indirect operations.
Scope of our services:
Commercial General Liability(CGL) Insurance which covers damage against property damage, personal injury and bodily injury that occurs during business operations in the premises. There are generally two kinds of CGL policies, a claim- made policy which covers claims regardless of the period of the event subject to being with the retroactive date and the other is an occurrence policy where coverage can be claimed only during the policy period defined. Excess liability coverage can be bought to cover claims that exceed CGL policy. Companies can also add companies and individuals into their CGL policies for additional coverage. A business must choose wisely between claim- made policy and occurrence policy. Apart from these risks, a CGL policy can also extend to cover a host of physical risks that third parties may incur such as product recall, etc. Even mental injuries and emotional distress also come under the bodily injury column of CGl policy and generally they are excluded from the coverage.
