| KANE Insurance Brokerage Services, LLC |
Commercial General Liability
 |
| |
 |
| |
 |
| |
 |
The Commercial General Liability Policy (CGL) provides insurance protection needed to
pay damages for bodily injury (BI) or property damages (PD) for which the insured is
legally responsible. The policy provides coverage for liability arising from personal injury
(PI) and advertising injury (AI). Coverage for medical expense is also provided. The policy
also covers accidents occurring on the premises or away from the premises. Coverage is
provided for injury or damages arising out of goods or products made or sold by the
named insured - Products Liability. The insured is the named insured and the employees
of the named insured. However, several individuals and organizations, other than the
named insured, may be covered, depending upon certain circumstances specified in the
policy. In addition to the limits, the policy provides supplemental payments for attorney
fees, court costs and other expenses associated with a claim or the defense of a suit.
There are two CGL coverage forms available, the occurrence form and the claims-made
form. Both forms are somewhat identical in the coverages offered. The main difference is
in the way claims are handled under the two forms. The occurrence form covers BI or PD
claims that occur during the policy term, regardless of when the claim is reported. The
claims-made policy form only covers claims made against the insured during the policy
term. A claim made after the policy expires is not covered by a claims-made policy unless
the claim is covered by an extended reporting period. The claims-made policy will only
have the extended reporting period. The following terms reflect both forms.
General Aggregate - The General Aggregate Limit is the most money the insurer will pay
under a certain coverage for all claims occurring during the policy term.
Premises/Operations - Coverage is provided for damages arising out of ownership or
occupancy of the insured premises when not maintained in a reasonable manner. This
also covers damages arising out of operations performed by the insured business.
Products/Completed Operations - Products liability coverage is provided for damages
arising out of products manufactured, sold, handled or distributed by the insured.
Completed Operations covers damages occurring after operations have been completed
or abandoned, or after an item is installed or built and released for it's intended purpose.
Medical Expense Limit - Medical payments coverage pays medical expenses resulting
from bodily injury caused by an accident on premises owned or rented by the insured, or
locations next to such property, or when caused by the insured's operations. These
payments are made without regard to the liability of the insured.
Fire Damage Limit - The fire damage limit provides coverage for fire damage caused by
negligence on the part of the insured to premises rented to the named insured. If a fire
occurs because of negligence of the insured and causes damage to property not rented to
the insured, coverage would be provided under the occurrence limit.
Personal Injury - Personal Injury means injury other than BI. Coverage is provided for injury
resulting from offenses such as false arrest, malicious prosecution, detention or
imprisonment, the wrongful entry into, wrongful eviction from and other acts of invasion, or
rights of private occupancy of a room. Coverage for libel and slander is also provided in
the policy.
Advertising Injury - This coverage pays for damages done in the course of oral or written
advertisement that disparages, libels or slanders a person's or organization's goods,
products or services. Coverage for these offenses is provided under AI coverage only if
they occur during the course of advertising the named Insured's own goods, products or
services.
Each Occurrence - Each occurrence is considered to be an accident, which could include
continuous or repeated exposure to the same harmful conditions. An occurrence can also
be a sudden event, or a result of a long term series of events.
Call 631-259-6157 with questions or send a completed copy of the following applications
to kane_michaelk@kibservices.com or by fax 631-204-6630 to begin marketing a proper
and cost efficient commercial general liability program for your business:
pay damages for bodily injury (BI) or property damages (PD) for which the insured is
legally responsible. The policy provides coverage for liability arising from personal injury
(PI) and advertising injury (AI). Coverage for medical expense is also provided. The policy
also covers accidents occurring on the premises or away from the premises. Coverage is
provided for injury or damages arising out of goods or products made or sold by the
named insured - Products Liability. The insured is the named insured and the employees
of the named insured. However, several individuals and organizations, other than the
named insured, may be covered, depending upon certain circumstances specified in the
policy. In addition to the limits, the policy provides supplemental payments for attorney
fees, court costs and other expenses associated with a claim or the defense of a suit.
There are two CGL coverage forms available, the occurrence form and the claims-made
form. Both forms are somewhat identical in the coverages offered. The main difference is
in the way claims are handled under the two forms. The occurrence form covers BI or PD
claims that occur during the policy term, regardless of when the claim is reported. The
claims-made policy form only covers claims made against the insured during the policy
term. A claim made after the policy expires is not covered by a claims-made policy unless
the claim is covered by an extended reporting period. The claims-made policy will only
have the extended reporting period. The following terms reflect both forms.
General Aggregate - The General Aggregate Limit is the most money the insurer will pay
under a certain coverage for all claims occurring during the policy term.
Premises/Operations - Coverage is provided for damages arising out of ownership or
occupancy of the insured premises when not maintained in a reasonable manner. This
also covers damages arising out of operations performed by the insured business.
Products/Completed Operations - Products liability coverage is provided for damages
arising out of products manufactured, sold, handled or distributed by the insured.
Completed Operations covers damages occurring after operations have been completed
or abandoned, or after an item is installed or built and released for it's intended purpose.
Medical Expense Limit - Medical payments coverage pays medical expenses resulting
from bodily injury caused by an accident on premises owned or rented by the insured, or
locations next to such property, or when caused by the insured's operations. These
payments are made without regard to the liability of the insured.
Fire Damage Limit - The fire damage limit provides coverage for fire damage caused by
negligence on the part of the insured to premises rented to the named insured. If a fire
occurs because of negligence of the insured and causes damage to property not rented to
the insured, coverage would be provided under the occurrence limit.
Personal Injury - Personal Injury means injury other than BI. Coverage is provided for injury
resulting from offenses such as false arrest, malicious prosecution, detention or
imprisonment, the wrongful entry into, wrongful eviction from and other acts of invasion, or
rights of private occupancy of a room. Coverage for libel and slander is also provided in
the policy.
Advertising Injury - This coverage pays for damages done in the course of oral or written
advertisement that disparages, libels or slanders a person's or organization's goods,
products or services. Coverage for these offenses is provided under AI coverage only if
they occur during the course of advertising the named Insured's own goods, products or
services.
Each Occurrence - Each occurrence is considered to be an accident, which could include
continuous or repeated exposure to the same harmful conditions. An occurrence can also
be a sudden event, or a result of a long term series of events.
Call 631-259-6157 with questions or send a completed copy of the following applications
to kane_michaelk@kibservices.com or by fax 631-204-6630 to begin marketing a proper
and cost efficient commercial general liability program for your business:
Copyright Kane Insurance Brokerage Services, LLC - All Rights Reserved 2007 / PRIVACY
We are a Socially, Environmentally and Physically Conscience Company
New York, NY Westhampton Beach, NY
212-784-6199 631-259-6157
212-784-6199 631-259-6157