The bodily injury and property damage exposures are covered by the Insurance Services Office (ISO) Commercial General Liability (CGL) Coverage Form. It might form a Commercial Package Policy (CPP) alone or combined with other. This way you do not have to group or select specific hazards. The result is a form without gaps in coverage. In the next lines we will tell you what you need to know about general liability coverage, forms and many other things.

These are the aspects that are covered in any general liability coverage policy:

1. Products liabilities. This comprises products distributed, sold or manufactured.
2. Premises liability. This includes use, maintenance or ownership of premises.
3. Liability of completed operations. Work done for others or services provided.
4. Liability for personal injury and liability of advertising injury.
5. Coverage of medical payments.

There are certain limitations, exclusions and definitions for each type of coverage. You can get a customized CGL coverage form with options to delete, restrict, modify, add or broaden your coverage.

These are the two CGL coverage forms that we use in general:

1. CG 0001. It is called the “occurrence” form. If the damage occurred during the covered policy period, the insurance company will pay for it. And it does not matter the time when you notify the company about the claim or loss. The period of time when the damage happens or date of the loss is the most important aspect here.
2. CG 0002. It is also called the “claims-made” coverage form. The coverage is used using the receipt of the claim or filing date. The period of time or date of the loss or injury is an add-on here. You will be covered if you have the injury or loss during the policy period. The date of the loss of injury does not matter here. If a loss or injury happened after the retroactive date, you need to use the claim-same coverage. On the declarations was included the retroactive date. The first date that the claims-made coverage was applied, it will be used to give you complete protection.

Businesses use commercial general liability insurance to get coverage for accidents. The intentional actions are not covered. The insurance firm will deny you coverage if you did something on purpose. We are going to talk about some actions that can be done on purse and whether they can get coverage or not.

Assaults and batteries happen every day. If you touch someone without his/her permission, this is battery. If you punch him/her in the face on purpose, this is an assault. The general liability policy of many taverns, bars and nightclubs includes assault and battery. False imprisonment is another common intentional action. If someone has lost his/her liberty unlawfully, this type coverage is needed and it is the right one for retail chain stores because anyone can be seen stealing goods. Every owner of a store should know whether a policy offers coverage for these exposures or not. Commonly, the basic commercial general liability insurance policy does not cover these intentional acts we watch every day on TV.

It is hard for the average customer to understand what general liability insurance covers. Your insurance firm has to provide you with all the information you need to get the right general liability insurance summary for you. These are some tips:

1. Rates. The annual premiums that you will pay must be clearly written and you should know about. The rates of the premium should be stated in a clear manner. The premium basis that was used must be written as well. At audit time, you might end up with different premiums because a broker changed them at the beginning of the document.
2. Executive summary. Your broker should write a one-page executive summary for you. This way you will understand what the detailed pages comprise.
3. Payment options. They should be included in your executive summary. Your broker must explain any interest or bill fees included.

Here we talked about why a general liability insurance summary is important and the things you need to understand. We told you about the two types of Commercial General Liability Insurance forms. You also need to know about rates, payment options. They must be included in a high quality executive summary.