Commercial General Liability
/ˌkɒmɜːrʃəl ˈdʒɛnərəl laɪəˈbɪləti/
Definitions
- (n.) A type of insurance policy providing coverage to businesses against liability claims for bodily injury, property damage, and related legal defense costs.
The company purchased commercial general liability insurance to protect against potential lawsuits arising from accidents on its premises.
Forms
- commercial general liability
Related terms
See also
Commentary
Often abbreviated as CGL, this policy is fundamental for businesses to mitigate common risks involving third-party claims.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.