Commercial General Liability Insurance : : Corporate : : Products : : Future Generali

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Commercial General Liability Insurance

Who is indemnified

Insured Company
At the request of the Insured, any party who enters into an agreement with the Insured for any purpose of the Business.
Officials of the Insured in their business capacity or private capacity.
Any person who at any time is has been or may become during the period of this Certificate a partner or director.
Any person who is or has been employed under a contract of service including Self Employed Persons.
The estates and/or the legal representatives in the event of the death or incapacity of the Assured or of any of the persons defined in (i) and (ii) above.

What is Covered

BODILY INJURY AND PROPERTY DAMAGE LIABILITY from a Third Party. Damages because of bodily injury include damages claimed by any person or organization for care, loss of services, or death resulting at any time from the bodily injury.
PERSONAL AND ADVERTISING INJURY LIABILITY
Slander or damage to reputation falls under personal injury. Advertising injury protects companies from charges of negligence that result from the promotion of its own goods or services.
Personal and advertising injury means injury, including consequential bodily injury, arising out of false arrest, detention or imprisonment, Malicious prosecution etc
Medical Payments - medical expenses bodily injury caused by an accident (First aid administered at the time of an accident; Necessary medical, surgical, x-ray and dental services, including prosthetic devices; and Necessary ambulance, hospital, professional nursing and funeral services.)
Products-completed operations hazard :
Includes all bodily injury and property damage occurring away from premises you own or rent and arising out of your product or your work except, Products that are still in your physical possession, Work that has not yet been completed or abandoned.

Scope of Cover

Legal costs in defending allegations or suits brought against the insured entity / Employees.
Any awards granted to the claimants, including out of court settlements.
Legal costs / awards arising out of the activities of Specialist Consultants, Sub-Contractors or any other person(s) or entity acting on the Assured's behalf and for whom the Assured are responsible. Provided always that underwriters shall become subrogated to all rights of recourse of the Assured

Key Policy Features

The policy can be obtained on either “Claims Made Basis” or Occurrence Based with each having its advantages and disadvantages.
Where a policy is written on a "claims-made" basis, this means that the policy in force at the time a claim against you is made will pay for losses, regardless of when they occurred in the past. (Assuming no retroactive inception date restriction).
With an "occurrence" based policy, even though the policy may have expired, provided the policy was in force at the time that the bodily injury or property damage occurred, a claim can still be made against it.

Main Exclusions

Each Section of Cover has its own exclusions. However broad exclusions are :