Commercial Liability Insurance


Exhibit 26.1 Illustration of the CGL Limits of Insurance


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Exhibit 26.1 Illustration of the CGL Limits of Insurance

Commercial General Liability Policy

  • Section IV of the CGL states the various conditions that apply to the coverage form
  • Section V of the CGL contains the definitions of various terms used in the policy
    • Some terms defined in the policy include “advertisement”, “hostile fire”, and “volunteer worker”

Commercial General Liability Policy

  • The ISO claims-made policy is similar to the occurrence policy with the major exceptions of:
    • Payment of claims is on a claims-made basis
      • The policy covers only those claims that are first reported during the policy period
        • The event must occur after any stated retroactive date
    • It contains an extended reporting period provision
      • The purpose is to provide coverage under an expired claims-made policy for claims first reported after the policy expires
      • The basic extended reporting period, with two separate reporting “tails” is automatically provided in certain circumstances (e.g., cancellation of coverage)
        • The first tail is a five-year period after the policy expires
        • The second tail is a 60-day period after the expiration date
          • Covers events that occur during the policy period that the insured may not be aware of

Employment-related Practices Liability Insurance

  • Under the ISO employment-related practices liability insurance coverage, the insurer agrees to pay damages resulting from an “injury” arising out of:
    • Demotion or failure to promote
    • Wrongful termination
    • Negligent hiring or supervision
    • Retaliatory action against employees
    • Coercing an employee to commit an unlawful act
    • Work related harassment
    • Employment-related libel
    • Other work-related verbal, physical, mental, or emotional abuse, such as gender discrimination

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