Bryce L. Friedman and Mary Beth Forshaw | Simpson Thacher & Bartlett Standard commercial general liability policies Bodily injury What constitutes bodily injury under a standard CGL policy? CGL policies generally provide coverage for bodily injury or property damage sustained by third parties (rather than the policyholder) as a result of an occurrence. Insurance coverage… Continue reading In Brief: Commercial General Liability Policies in USA
Category: Commercial General Liability Policy
Are You Getting Your Money’s Worth in Additional Insured Coverage?
John P. Fischer | Barnes & Thornburg Many commercial contracts require that one of the parties be included as an “additional insured” on the general liability policies of its contracting partner (which is the “named insured” on those policies). General contractors typically require subcontractors to include them as additional insureds on the subcontractors’ policies. Lessors… Continue reading Are You Getting Your Money’s Worth in Additional Insured Coverage?
Who (Else) is Covered Under Your Professional Liability Policy?
Sarah Nau | Phelps Dunbar When does a Professional Liability policy cover individuals that work for an insured, an insured’s related entities (such as subsidiaries), and/or the insured’s contracting partners? Individuals working for an insured and an insured’s related entities are not always automatically covered, meaning review of the policy’s Declarations and/or definition of “insured”… Continue reading Who (Else) is Covered Under Your Professional Liability Policy?
In Brief: Commercial General Liability Policies in USA
Mary Beth Forshaw | Simpson Thacher Standard commercial general liability policies Bodily injury What constitutes bodily injury under a standard CGL policy? CGL policies generally provide coverage for bodily injury or property damage sustained by third parties (rather than the policyholder) as a result of an occurrence. Insurance coverage litigation frequently centres on whether the… Continue reading In Brief: Commercial General Liability Policies in USA
Does a CGL Policy’s “Business Description” or “Class Code” Limit Coverage?
Farrell Miller | Cozen O’Connor One way a CGL insurer can narrow otherwise broad bodily injury and property damage coverage is by activity. Activities that face similar risk can be grouped using an activity classification code, which can be incorporated into the policy through a class limitation endorsement. For instance, a policy issued to an… Continue reading Does a CGL Policy’s “Business Description” or “Class Code” Limit Coverage?