General Liability
From The Original Insurance Wiki
[edit] Commercial General Liability - Explained
General Liability insurance covers claims of bodily injury or other physical injury or property damage, personal injury (including slander or libel) and advertising injury.
The insurance company has the right to defend any suit against the insured seeking damages on account of such bodily injury or property damage, even if any of the allegations of suit are groundless, false or fraudulent, and to make such investigation and settlement of any claim or suit as it deems expedient. However, the company is not obligated to pay any claim or judgment or to defend any suit after applicable limit of the company's liability has been exhausted by payments of judgments or settlements.
Premises/Operations
The "premises" portion of your liability insurance provides for payment on your behalf of all sums you become legally obligated to pay as damages resulting from bodily injury or property damage caused by an insured peril and rising out of the ownership, maintenance, or use of premises and your operations in progress.
The "operations" portion of your liability insurance covers operations in progress and is intended for situations where your principal business operations are performed away from your premises.
Completed Operations
Completed Operations provides coverage for bodily injury and property damage rising from completed or abandoned operations, provided the incident occurs away from premises owned or rented by the insured.
Products Liability Products Liability provides coverage for losses incurred by a merchant or manufacturer as a consequence of some defect in the product sold or manufactured.
Contractual Liability
Contractual Liability provides coverage for construction and other agreements (written or oral) when you "assume" the liability of another. This is sometimes referred to as a "hold harmless" agreement.
Personal Injury Liability provides coverage against false arrest, detention or imprisonment, or malicious prosecution; libel, slander, defamation, or violation of right of privacy; and wrongful entry, eviction, or other invasion of right of private occupancy.
Advertising Injury
Advertising Injury Liability provides coverage against injury resulting from an offense committed in the course of your advertising activities, if such injury rises out of libel, slander, defamation, violation of right of privacy, piracy, unfair competition or infringement of copyright, title or slogan.
