General liability exposures

Insurance contract from 1870Image by Szilveszter Farkas via Flickr

Not exactly exciting reading, to be sure, but I thought it might be useful to review the standard headings in an insurance contract that identify the specific types of general liability (gl) exposures. There are four standard areas of commonly referred to gl exposures - Premises and Operations - the premises liability arises out of injury and damage caused by conditions that exist in and around an insured's premises and the operations liability refers to liability for injury or damage caused directly by the insured's business operations while those operations are taking place; Products and Completed Operations - refers to injury caused by an insured's product, either made or sold by them and completed operations refers to work that has been finished or completed, given to the client and put to it's intended use; Contractual Liability - this exposure involves the insured's agreement in a contract to take onto itself specific legal liability; Independent Contractors - when a person or organization hires a contractor to perform work for it, it may expose themselves to liability for injury or damage caused by the contractor to third parties in the course of the work being performed.
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