Commercial general liability (CGL) is a standard policy mainly issued by businesses or enterprises to protect themselves against the legal responsibility claims for the property damage and bodily injury raised out of products, operations, and premises. There are mainly two different types of CGL: A claims-made insurance policy that covers all the claims despite when and where it took place and an occurrence policy that takes place during a specific period of time. Businesses or companies can also add other individuals or companies they have contracts with, and this is known as an additional insured.

Investigations defense and settlements

There are terms and conditions for defense and settlements of the commercial general liability insurance policy. In case a suit is brought, the insurance company is responsible for providing the legal fees and all the necessary litigation expenses that are adjusted in expenses to defend the insured person. The insurance company can investigate the circumstances and make the settlements despite any claim or suit. Author is an expert of small business insurance, visit here for more interesting information.

Supplements payments

The policy covers some supplement payments with respect to suit or claim to which the insurance policy applies: claim adjustment expenses, reasonable expenses excluding the claim adjustment expenses acquired by the insured, and the interest on the amount of the judgment applicable within the limit of insurance.

Who is insured in sole proprietorships?

For an individual, he and his spouse will be the insured ones with respect to conduct the business in which you are the sole owner. In case you die, a person having temporary custody of the property is insured, they are insured with respect to the use of the property and maintaining it until their legal representation has been agreed. The legal representatives will continue the rights and duties of yours under the commercial general liability insurance.