What are some common CGL exclusions?
CGL Exclusions: The Ultimate Guide
- Bodily Injury. Bodily injury means any injury that happens to a person’s body, including sickness, death, disease, or an actual physical injury.
- Property Damage.
- Insuring Agreement.
- Expected Or Intended Injury.
- Contractual Liability.
- Liquor Liability.
- Pollution.
- Aircraft, Auto, Or Watercraft.
What are typical exclusions to insurance policies?
An exclusion is any loss or damage that isn’t covered by your insurance policy (read: you won’t be able to file a claim for them)….There are 9 main exclusions to named perils:
- Ordinance or Law.
- Earth Movement.
- Water (think Flooding)
- Power Failure.
- Neglect.
- War.
- Nuclear Hazard.
- Intentional Loss.
What is not covered under commercial general liability insurance?
A general liability insurance policy won’t help your business with: Commercial auto accidents that you or your employees cause while driving for work. A commercial auto insurance policy can help you cover the cost of damages.
Who is an insured under a CGL policy?
An individual, you and your spouse are insureds, but only with respect to the conduct of a business of which you are the sole owner. b. A partnership or joint venture, you are an insured. Your members, your partners, and their spouses are also insureds, but only with respect to the conduct of your business.
What are insurable exclusions?
Insurance exclusions are policy provisions that waive coverage for certain types of risks or events. Policy exclusions create a balance between coverage for fortuitous losses (losses you couldn’t have reasonably prepared for) and the need to remain solvent in order to pay those claims.
Are employees insured under CGL?
Your members are also insureds, but only with respect to the conduct of your business. Your man- agers are insureds, but only with respect to their duties as your managers.
What are plan exclusions?
In a nutshell, an exclusion is a condition or instance that is not covered by your insurance plan. Just as each plan has a list of items that the insurance company will cover, they also have a list of items they will not.
Why are exclusions present in insurance policies?
Exclusions are provisions in business insurance policies that eliminate coverage for certain types of property, perils, situations, or hazards. Risks described in exclusions aren’t covered by the policy. Insurers utilize exclusions to remove coverage for hazards they’re unwilling to insure.
Who is insured under CGL policy?
What excluded services?
Health care services that your health insurance or plan doesn’t pay for or cover.
What does CGL insurance cover?
– Bodily injury – Property damage – Advertising injury – Copyright infringement – Reputational harm
What are the commercial general liability policy exclusions?
While commercial general liability insurance does cover a broad-range of things, there are some things that it will not cover. Exclusions under CGL policy coverage include: Injuries suffered by employees. Should an employee become injured on the job, CGL insurance will not cover the costs of those injuries.
What does commercial general liability insurance cover?
Bodily injury and property damage liability. Bodily injury and property damage liability coverage protects your business against losses from legal liability if your business caused bodily injury and property damage
What is broad form contractual liability?
Contractual liability coverage was added to 1973 and earlier edition comprehensive general liability (CGL) policies by endorsement. Blanket broad form contractual liability coverage is incorporated into the basic provisions of the 1986 and subsequent commercial general liability (CGL) forms .