Comprehensive General Liability Insurance
/ˌkɒmprɪˈhɛnsɪv ˈdʒɛnərəl ˈlaɪəbɪlɪti ɪnˈʃʊərəns/
Definitions
- (n.) An insurance policy that provides broad financial protection against claims of bodily injury, property damage, and related liabilities arising from business operations or premises.
The company purchased comprehensive general liability insurance to cover potential third-party claims resulting from its operations.
Forms
- comprehensive general liability insurance
Related terms
See also
Commentary
Often abbreviated as CGL, this insurance is a cornerstone of business risk management, typically excluding professional errors or product-specific risks, which require separate coverage.
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.