Commercial General Liability
 

Commercial General Liability...provides a single contract of insurance needed to coverage liability for injuries or property damage sustained by members of the public.  It covers accidents occurring on your premises, or away from you premises, as a  result of business operations.  It automatically covers certain hazards which do not now exist, but which may develop during the life of the policy.   Aggregate Limits:  All coverage parts have an Aggregate Limit.  The Aggregate Limit is the most money the company will pay under a coverage part for all claims occurring during the policy period.   Premises & Operations:  Covers damages that arise out of the ownership, maintenance or use of the insured premises.  It also covers damages arising out of operations performed by the insured business.   Products:  Covers damages arising out of products manufactured, sold, handled or distributed by the named insured.   Completed Operations:  Covers damage which occurs after operations have been completed or abandoned.  Damage has to occur away from the premises owned by or rented to the named insured. Basis:  The basis is the unit of exposure upon which the premium is calculated.  Example - Gross sales, payroll, area, etc.