Commercial General Liability
In today's uncertain world, technology and case law are constantly changing the liability landscape. This policy protection responds to exposures, some of which didn't exist 10 years ago. For example the rapid rise in the internet has dramati-cally increased the potential for libel, intellectual property and invasion of the right of privacy suits. Typical standard policies do not adequately respond to these contingencies but, CGL would likely respond to the loss.
What is Covered?
Commercial General Liability offers covers for the company for the following cases in which the company is held legally liable-
- Bodily Injury
- Personal & Advertising Injury such as Libel, Slander, False Arrest, Infringement of Copyrights, Malicious Prosecution, Wrongful eviction, entry or invasion of privacy.
- Property Damage
- Premises and Operations Liability - Liability for conditions or activities arising out of the premises or operations of a company
- Products and Completed Operations Liability - Liability of a company to a user who is harmed by products manufactured, sold or distributed by the company
- Products-completed operations hazard
- Medical expense coverage
- Damage to premises rented to you
- Sudden and Accidental Pollution Liability (excluding USA and Canada)
- Coverage for additional insured when required by written contracts
- Advertising Injury and Personal Injury Liability coverage
- Vendors' Endorsement
- Oral and Written Contractual Liability: Bodily injury or property damage
The policy can also provide a separate advertising/personal injury cover to a third aggregate limit that is not subject to a general aggregate limit. This policy addresses a wide range of liability loss exposures, falling into two categories
ADD ONS-
SIGNATURE MANAGEMENT LIAILITY
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What is covered?
Signature Management Liability Policy offers protection against defence costs and damages for Insured person/s for any of their actual or alleged wrongful acts. These polices are tailor made to suit your needs.
This policy is cover the following persons:
- All Directors (past, present & future)
- All Officers (employed in an executive capacity)
- Company Secretaries
- Spouse, Legal Heirs & Representatives
- Company Reimbursement Coverage
- Legal Representation Expenses - Directors and Officers
- Legal Representation Expenses - Company Reimbursement
- Management Liability: Provides cover to the insured person for any losses and also reimbursement for an Insured entity for any loss it pays on or on behalf of an insured person, which arises out of a claim made for a wrongful act. Wrongful act includes employment practice violation.
- Investigation: Provides for Investigation costs of an insured person. Investigation costs in-clude reasonable fees, cost and expenses of a legal advisor for representing an insured person in case of an investigation on the company.
- Extradition: Provides for extradition costs of each insured person
- Public Relation Expenses: Provides for public relations expenses of each insured Person. These expenses include the cost of public relation consultants to mitigate the adverse effect on insured person’s reputation from claim, in case of the exoneration of the In-sured person
- Company Securities Cover: Provides for loss of each company arising from a securities claim.
- Outside Entity Cover: Provides cover for loss of an outside entity director
What is not covered?
- Pending or prior litigation, demands or judgments
- Circumstances notified under a prior insurance policy
- Bodily Injury or property damage claims
- Any U.S.A claim brought by any organisation or any outside entity, if arises out of an outside Directorship
- Deliberately fraudulent act or omission or any wilful violation or breach of any law by an Insured Person
- Deliberately fraudulent act or omission or any wilful violation or breach of any law by an Organisation
SIGNATURE PROFESSIONAL INDEMNITY
Introduction:
Some of the frightening nightmarish terms which professionals may come across every now and then while performing professional services are Negligence, breach of trust, mis-leading statement, legal liability and lawsuits. As a professional, you are expected to dis-charge your duties diligently, but no matter how diligent you were in your deliverables to your clients, allegations can still be made against you. These allegations of negligence and errors in carrying out your profession can prove to be burdensome. These can leave you open to the ever- increasing possibility of legal action against you, your company or your employees.
What is covered?
- Past, present or future partner, director, officer or employee whilst con-ducting professional services
- Accidental Infringement of intellectual property rights
- Acts of dishonesty by anyone employed or contracted by you
- Loss of data or documents
- Defamation or any attempt of defamation
- Breach of privacy
- Advancement of costs and expenses within 30days
- Full severability of cover, wherein no fact pertaining to or knowledge pos-sessed by any insured person, shall be imputed to another insured person to determine available cover
- Extended Reporting Period available if the insured cancels or does not re-new
- Written demands for monetary damages in civil proceedings. It also ex-tends to cover formal investigations by regulatory bodies and arbitration proceedings; judgments, settlements, extradition and criminal proceedings
- Bankruptcy or insolvency of the insured shall not relieve the company of its obligation
- Coverage for acquired subsidiaries
- Coverage for spouses, heirs and representatives
What is not covered?
- Bodily injury or property damage not associated with the performance of Professional Services
- Fraudulent act or wilful violation of law, regulation etc by an insured
- Failure to perform professional services for any insured or for any entity controlled, owned or manage by any insured
- Deliberate infringement or misappropriation of intellectual property rights such as copyright, patent or trademark, whether registrable or not
- Loss arising from or in consequence of pollution
