Gabreal Belcastro and John Lingelbach | Koley Jessen Commercial General Liability (“CGL”) insurance, also known as “business liability insurance” or simply “general liability insurance,” is a standard type of business insurance carried by companies to protect against “general claims.” “General claims” are claims brought by customers or other third parties which generally involve bodily injury… Continue reading Commercial General Liability Insurance: Don’t Get Caught Slipping Without It
Tag: General Liablity Policy
Tricky Insurance Endorsements Can Weaken Your Liability Coverage
Carolyn Mount and Seth Row | Miller Nash Every contractor and subcontractor is required to carry liability insurance referred to as Commercial General Liability or “CGL” coverage. These policies are fairly standardized and most people assume that the coverage that is presented on the front declarations page is all that they need to know: the… Continue reading Tricky Insurance Endorsements Can Weaken Your Liability Coverage
In Brief: Commercial General Liability Policies in USA
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
Fifth Circuit Holds Insurer Owes Duty to Defend Latent Condition Claim That Caused Fire Damage to Property Years After Construction Work
Jeremy Macklin | Traub Lieberman Straus & Shrewsberry Most general liability policies only provide coverage for “property damage” that occurs during the policy period. Thus, when analyzing coverage for a construction defect claim, it is important to ascertain the date on which damage occurred. Of course, the plaintiffs’ bar crafts pleadings to be purposefully vague… Continue reading Fifth Circuit Holds Insurer Owes Duty to Defend Latent Condition Claim That Caused Fire Damage to Property Years After Construction Work
Based on “Other Insurance” Clause, D&O Insurer has no Duty to Defend Suit Covered by General Liability Policy
Wiley Rein LLP – September 11, 2012 The U.S. District Court for the Southern District of New York has held that a directors and officers liability (D&O) insurer had no duty to defend an underlying lawsuit—and thus no duty to share in defense costs with a general liability insurer—where the D&O policy at issue contained… Continue reading Based on “Other Insurance” Clause, D&O Insurer has no Duty to Defend Suit Covered by General Liability Policy