Comprehensive General Liability Policy
What Does Comprehensive General Liability Policy Mean?
A comprehensive general liability (CGL) policy is an insurance policy typically purchased by companies to cover various types of liabilities. It protects businesses from financial damages resulting from lawsuits if they are found liable for a loss.
CGL policies can provide coverage for a range of risks, including product liability, injuries occurring on company premises, and operational liabilities.
Insuranceopedia Explains Comprehensive General Liability Policy
Companies generally strive to ensure the safety of their products and premises, but accidents can still occur. Without a comprehensive general liability (CGL) policy or similar insurance, the financial burden of such liabilities could potentially bankrupt a company. CGL policies provide protection against this risk.
However, these policies typically do not cover vehicle liabilities. To obtain vehicle liability coverage, companies must purchase specific auto insurance policies from an auto insurance provider.
