Sign In
banner Image

Insure Your Business the Comprehensive Way

Commercial General Liability Insurance

The Commercial General Liability Insurance protects the insured against the legal liability of paying compensation for physical injury or damage to property in relation to the Insured’s business. Basically, any liability occurring out of the Insured’s compound, products or operations get included.
  • Requirements

    The Commercial General Liability Insurance (CGL) offers coverage against claims of physical injury or property damage in relation to the business of the Insured. An extensive range of Liability loss exposures occurring out of the Insured’s compound, products or operations get included in the Commercial General Liability Insurance.

Features & Benefits

  1. Depending on the policy form chosen, the policy can operate on an occurrence basis or a claim-made basis.
  2. The Limit of Indemnity is aggregate limit available for all Claims under the Policy.
  3. The Policy extends to pay to or on behalf of:
    1. Any director, executive officer or worker of the Insured
    2. Any Principal, in respect of that Principal’s vicarious liability for the negligent acts or omissions of the Insured
    3. The officers, committee and members of the Insured’s canteen, social, sports, first aid/ medical, fire fighting and employee welfare organizations in their respective capacity as such; or
    4. The legal personal representative of any person entitled to indemnity under the policy in circumstances giving rise to indemnity under this policy.

Comprehensive General Liability Insurance provides comprehensive protection against:

  • Legal liability to pay compensation for physical injury and/or damage to property in relation to the business of the insured.
  • Associated legal costs and expenses sustained by the Insured with prior consent of the Insurer.

Subject to the terms and conditions of the policy, the insured will be covered for payments in respect of

  • Claim adjustment expenses
  • Reasonable expenses (other than claim adjustment expenses) incurred by the insured to assist in the investigation or defense of such claim or suit

Important Extensions

The Comprehensive General Liability Insurance policy can be extended to include the following:

  • Medical Expenses Cover
  • Personal & Advertising Injury
  • Cover for Goods in Care Control and Custody of the Insured
  • Sudden & Accidental Pollution Cover
  • Liability arising out of Terrorism

Based on the exposure to risk, the above may cost an additional premium. Additional extensions on the request of the Insured can also be considered by the Company.

This is not an exhaustive list. For a detailed list of inclusions & other details, please read the policy wordings.

Frequently Asked Questions

Directors and Officers Liability
icon icon

1. Comprehensive General Liability (CGL):

icon

Commercial General Liability Insurance is a combination of Public Liability and Product Liability. It provides comprehensive protection to the Insured by covering third party liabilities. Public liability covers litigation by third parties hurt on your premises. Product liability covers damages caused by products that you manufacture.

2. What is Covered

icon icon

Claims arising out of:
o Premises and Operations

o Products and Completed Operations

o Personal and Advertising Injury

o Fire Damage

o Medical Expenses

o Defense costs incurred, with prior written consent of the Insurance Company.

3. Who is required to take CGL insurance policy?

icon icon

Nearly every business needs General Liability Insurance

4. What are key exclusions under liability insurance?

icon icon

Depending upon the kind of policy, here is an overview of exclusions that applies to liability insurance policy
o Deliberate or willful act of negligence.

o Product recall, for example for auto component manufacturers.

o Expected or intended injury

o Workers’ Compensation and Similar Laws

o War

5. Should small business such as restaurants take CGL insurance policy?

icon icon

Yes, in fact CGL insurance is more key for them. Litigation can bring a small business to a standstill and they want to have financial support through the insurance to defend yourself.

icon icon

1. How is the premium amount of the CGL insurance determined?

icon icon

The premium amount of the CGL insurance is determined by a number of factors, namely –
o Type of policy

o Limit on indemnity

o Past claim settlement

o Overall risk assessment

o Annual turnover of the enterprise

How do I record any changes in the policy?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

What is third party liability insurance? Is it covered in this policy?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

What is third party liability insurance? Is it covered in this policy?

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Why Car Insurance?

Listen to Our Customers

The Client has highly appreciated the inputs and report from Mr. Sudhanshu.
Its because of him we were able to convince the client to move to Liberty along with local sales support.​

Rohit Kapoor

We find the report is very exhaustive in bringing out the risk exposures and the works the client has to carry out for risk elimination. Surely the client will be benefited by the suggestions you have put forth.​

Gurudutt

The contents of your newsletter are quite interesting and informative.

This will help in creating awareness in the industry about the loss prevention and good maintenance.

Thanks for the good work you are doing.​

M.Rajaram

Latest News

Firm launches new product

Asian Age, Thursday, March 17, 2016

Liberty Videocon General Insurance Company on Wednesday announced the launch of its health insurance ...

Know More

Articles

Ask Yourself These Questions Before Purchasing Car Insurance Online

February 09, 2018

Cars are often regarded as one of the most valuable possessions of a person. They are invaluable ...

Know More

Registration Number: 150 | ARN- ADVT/2017/May/22 | CIN: U66000MH2010PLC209656

© 2017 Liberty Videocon General Insurance Co. Ltd.

Reg Office: 10th floor, Tower A, Penisuala Business Park, Ganpat Rao Kadam Marg, Lower Parel, Mumbai - 400013

Trade Logo displayed above belongs to Liberty Mutual and used by the Liberty Videocon General Insurance Company Limited under license. For more details on risk factors, terms & conditions please read sales brochure carefully before concluding a sale.