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To
discuss your Commercial Liability Insurance
needs contact Mark Holman at
today, call 905-886-5630 or
toll free at 1-800-567-1279,
or fill out the online quote
form.
Commercial General Liability (CGL)
CGL is a form of insurance designed to protect owners and operators
of businesses from a wide variety of liability exposures. These
exposures could include liability arising out of accidents resulting
from the premises or the operations of an insured, products sold
by the insured, operations completed by the insured, and contractual
liability.
A Liability Insurance Program is arranged in layers. The
primary or first layer consists of primary policies or an international
self-insured retention. Usually, an organization has an umbrella
liability policy over the primary layer. The next "layer"
is considered a buffer layer of excess liability.
You may obtain higher limits of liability above the working
layers (primary + umbrella) with additional layers of excess liability.
Umbrella & Excess
Commercial umbrella liability policy provides additional protection
to your primary liability program. This can cover for excessive
lawsuit costs and court awards. This serves as an excess liability
policy over the primary Commercial general liability policy. For
instance, your primary policy may have a $1,000,000 limit of liability.
Should the exposures of your operations warrant a higher limit
of $3,000,000, you would then need to buy an umbrella coverage
to cover the additional $2,000,000. This coverage can be included
as part of a Commercial package.
Pollution
The environmental risk with pollution legal liability exposures
presents a continual challenge to corporations to manage environmental
risk in today's litigious and volatile business climate. Companies
increasingly face expensive litigation, mandated cleanups and
high court awards, all of which can undermine management's ability
to stay competitive and continually progress. In addition, a continually
evolving regulatory environment leaves open trap doors that could
put a company out of business.
Chances are your needs will fall into one of four major categories
of environmental exposures:
- Fixed Facilities
- Service Industry
- Transportation, or
- Contaminated Properties.
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