InsuranceFixed-period option Occurrence policy Unilateral contract Insurability Constructive total loss Claim Amount
Commercial general liability (CGL)
Commercial General Liability (CGL) is a comprehensive policy that provides coverage for all potential liabilities faced by a business, unless specifically excluded. This policy covers a range of liabilities, such as product liability, completed operations, premises and operations, and independent contractors. It is an essential tool for businesses to protect themselves against unforeseen risks and potential financial losses. With CGL, companies can confidently focus on their operations, knowing that they have a safety net in case of any legal challenges.
Related terms
Understand the meaning and definition of Fixed-period option in the context of stock market, trading, and investments.
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