What Is Commercial General Liability Insurance

0
64


Complete Video Transcript
0:00
it is like a pro project insurance agency owner talk to you about well is
0:05
general liability insurance first let’s talk about what it covers
0:09
cover bodily injury property damage
0:12
do it third Rd there are some supplementary governor is available
0:16
but for the most part you’re buying bodily injury and property damage
0:20
average so that’s what we’re talking about this video I’ll
0:24
these injuries for this property damage can result for your ongoing operations
0:29
it also is of your completed operations here’s what general liability is not us
0:34
it’s not tools and equipment coverage here inland marine
0:38
I’ll see that it’s not going to carry your commercial vehicles there are
0:42
separate policies for that
0:43
and or you’re injured employees you know what I have a workers compensation
0:47
OC there are 15 stated exclusion veteran
0:51
all general liability all sides we’re gonna go through those
0:54
or by your first of all insurance is for accidents
0:58
it’s not hurting that you expected or intended rapid
1:01
I’ll you can’t just go out and assume liability a contractor expected to cover
1:07
a contractual liabilities looted however there are a few exceptions to that
1:12
particularly indemnification agreements is your
1:15
area or or up construction contracts
1:19
and those are considered ensured contracts does not cover
1:23
a letter liability it’s not gonna cover as we are he said workers compensation
1:28
or
1:28
lawyers liability you are workers are all see that
1:32
not gonna cover collision coverage another is elated about average for
1:36
pollution
1:37
in your general liability policy but for pollution in coverage
1:42
you’re going to want to get a commercial pollution I’ll see aircraft
1:46
watercraft in autos those are all covered under separate policies
1:50
on your mobile with it will cover reliability
1:55
while you’re using degraded on the job site
1:58
but not if you’re driving the equity down the road or in transit
2:02
does not cover AXA war and other property damage exclude exclusion race
2:08
plate
2:09
that’s excluding Davis chain your property it’s nice going damage to it
2:13
third parties property there is coverage or property damage during 3rd re:
2:19
does not carry over or your products and what I mean by that
2:24
it only covers damage that results from your work
2:28
or chrome here products it does not cover damage
2:31
to your work or to your products probably the last three exclusions
2:36
it’s not gonna cover property damage to property that was already damaged
2:41
it’s not going to cover your product recalls and then
2:44
by the way did you exclude the personal injury then they
2:47
they do have adding that later alcee so there is personal injury diversion
2:52
I’ll see word HD well on general liability insurance please go to GL
2:58
dot com we have is due online quotes
3:01
or you can call us at 88 269
3:05
09

Love to share my knowledge and experiences with everyone by publishing informative articles on my site.