For more information on General Liability Insurance Policies, visit us @
Monument Commercial Insurance Agency.

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.

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