+91 90333 30444
info@finoxo.in

Comprehensive General Liability Insurance

What is Comprehensive General Liability insurance?

Comprehensive General Liability (CGL) insurance is designed to protect businesses by covering legal defense expenses and compensation or damages payable in various situations. This policy provides crucial support in the following scenarios:

  • Third-Party Bodily Injury or Property Damage: Covers incidents resulting in injury or damage to third parties due to unexpected circumstances.
  • Personal and Advertising Injury: Protects against claims arising from business operations that may cause harm while third parties are on or around the insured's premises.

This policy effectively shifts the legal and financial burden from the insured (policyholder), providing critical assistance during unforeseen and uncertain events.

Who needs Comprehensive General Liability Insurance?

This policy is essential for small and medium-sized businesses to safeguard against claims arising from legal liability. It protects the insured entity in cases where they are held responsible for:

  • Third-Party Bodily Injury: Injuries caused to individuals due to the insured’s business operations.
  • Property Damage: Damage to third-party property resulting from the insured’s premises or products.

Every new business should consider this policy, as it provides comprehensive coverage against potential risks and liabilities that a business may face, ensuring financial security and peace of mind.

Why you should Buy Comprehensive General Liability Insurance?

The need of Comprehensive general liability Insurance is more than ever before due to the following reasons

The need of Plant and machinery insurance is more than ever before due to the following reasons

1

One point contact for all requirements.

2

Better understanding of risk, effective underwriting of portfolio and better risk management.

3

Dedicated Risk engineers to cater construction sector clients.

4

Financial strength and supreme claims paying capacity

What is covered by Contractor’s Plant & Machinery Insurance?

  • It protect the insured against their legal liability towards third parties (the customers) for accidents resulting bodily injury, personal damage, advertising injury and loss to tangible property of the visitors caused by the business operations or finished products that occur in the premises or other premises wherever their business operations are conducted.
  • If you or your business is being sued for any losses caused to the third party then the insurance company will incur all the expenses of investigating officers and lawyers.

  • Expected or Intended Injury: Bodily injury or property damage expected or intended from the standpoint of the insured. This exclusion does not apply to bodily injury resulting from the use of reasonable force to protect persons or property.

  • Employer's Liability: It does not covers bodily injury of an employee performing duties related to the conduct of the insured (policyholder) business.

  • Liquor Liability: Bodily injury or property damage caused due to intoxication of any person or giving alcoholic beverages to a person under the legal drinking age or under the influence of alcohol.

  • Gradual Pollution: Bodily injury or property damage arising out of the actual, alleged or threatened discharge, dispersal, seepage, release of "pollutants at the location which is or was at any time owned or occupied by any insured.

Frequently Asked Questions

Comprehensive General Liability insurance policy is offered to the businessmen by providing them legal security and insuring against any unexpected circumstances which may leads to bodily injury, personal damage, advertising injury and loss to tangible property of the customers caused by the business operations or finished products that occur in the premises or other premises wherever their business operations are conducted.) by incurring the loss and expenses during this uncertain situation.

Product liability compensation depends on the extent of damage to the third party in insured premise.

  • The product manufacturer or the trader
  • Immediate basis

If it is required then one needs to appoint a lawyer to defend oneself. The lawyer fees will be compensated by the company if claim is payable within the policy.

Third party bodily injury or property damage arising due to the defects in the products are covered under this policy.

  • Expected or Intended Injury: Bodily injury or property damage expected or intended from the standpoint of the insured. This exclusion does not apply to bodily injury resulting from the use of reasonable force to protect persons or property.
  • Liquor Liability: Bodily injury or property damage caused due to intoxication of any person or giving alcoholic beverages to a person under the legal drinking age or under the influence of alcohol.
  • Employer's Liability: It does not covers bodily injury of an employee performing duties related to the conduct of the insured (policyholder) business.
  • Pollution: Bodily injury or property damage arising out of the actual, alleged or threatened discharge, dispersal, seepage, release of "pollutants at the location which is or was at any time owned or occupied by any insured.

For detailed list of exclusions, please read policy wordings.

Yes CGL will cover both premise and product liability arising due to product consumption or usage, bodily injury and property damage.

Yes you can. We offer policies with retroactive date carried forward from the expiring policy in case the policy is renewed with us in continuity of policy period which covers any previous claim discovered.

Proposal form covering:
  • Company’s name
  • Registered Address of company
  • Risk locations to be covered
  • Sum insured

Claim Information : On mail

LOR Request : List of requirements to be share by the sales team.

Submission of internal reports : To be submitted by insured

Investigation Reports : Final claim amount to be shared with final investigation report

Seeking Documents : DV to be signed by insured

Remittance Payment of claim amount

  • Must have the properly filled in claim form with right information.
  • Medical certificates in case of bodily injury, illness, disease or death.
  • Copies of evidence and proof.

At Finoxo Solutions, we specialize in providing tailored insurance solutions that cater to both commercial and individual needs. With a commitment to excellence and innovation, we ensure our clients receive comprehensive coverage and unmatched service for their peace of mind.

Address

B-407, Decora 9 Square, Nr. Nana Mava Chowk,RAJKOT

+91 90333 30444

info@finoxo.in

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