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There is no such thing as a "comprehensive" general liability policy. It is "commercial" to differentiate it from personal-lines coverage. It is commercial general liability p…olicy, or CGL; a generally standard group of coverages, exclusions, limits. This is different than a manafest policy where commercial coverages are added in a customized fashion. A comprehensive policy would be one where a business owner (BOP) might purchase with a pre-set group of coverages, exclusions, and limits. Thanks Actually, the term "Comprehensive General Liability" was replaced in 1986 with the term "Commercial General Liability." They are essentially the same policies.
Too many factors are used in rating a policy contact a few agents and request quotes.
The average premium or general liability insurance for a concert promoter depends on many factors. The figure ranges between $1000 and $2000.
If you are a freight company, involved with handling freight of others, you will need a motor truck cargo policy if you expect to cover damages to other's freight, which… is in your care, custody or control. Generally speaking, commercial general liability insurance contains a standard exclusion of goods or property within your care, custody or control. One recognized exception is in the case of fire legal liability, and that typically only applies to real property (buildings) which you lease from others. If you are a shipper of your own goods, you will need an inland marine / transit policy if you expect to have coverage for your goods while they are freight in someone else's care, custody or control. Your commercial general liability policy does not cover first party property damage, i.e. your property.
Commercial GL covers your business for damages alledged by a third party including bodily injury and property damage. When you start a company, you should purchase GL insu…rance when you have any of the following : Sales, assets, employees, a physical location.
The answer is found in the insuring agreement of the policy. It states that the company(insurance carrier) will pay all sums the insured is legally obligated to pay for bodily… injury and property damage to which this insurance "applies"caused by an occurence in the coverage territory. However you must read the document completely to determine wht is not covered. these policies do have exclusions as to what is not covered. Some examples are exclusions for war,intentional injuries or acts,criminal acts, breach of contracts,pollution work comp injuries to your employees and many others. I suggest you consult a independent agency that is a professional with this type of policy. These type of policies are etremly complex and dependent on the business activity that you are engaged in.
There is no "average cost" as the cost depends on a wide variety of factors including the number of participants, length of the program, activities, staffing, and loss history…. There are many other pieces of information that are taken into account such as where the school is located and even which company is providing the existing insurance. For more information about the basics of camp insurance (or insurance for organizations that work with children), the American Camp Association has a great primer. You should also contact a licensed insurance broker for quotes. A broker can shop a variety of markets for you and find the most comprehensive coverage for your budget. Be sure, however, that the broker has experience in this niche market, as it will allow him/her to know the nuances of your business. In all events, be certain to deal with an insurance and a broker that.which is licensed to transact insurance business in your state. This information can be obtained through the state insurance regulator.
The rate is based on the type of business you have and the gross receipts or payroll.
This is a rate established at the beginning of a policy period. It is a rate based on the "average" of the same type of classes or work-such as all restaurant work, etc. This …type of policy is normally audited at the end of the policy term to adjust for additons or deletions of coverage throughout the policy term.
There is not a way to answer this question as written because thepremium depends upon many factors. These include: 1. The insurer involved 2. The nature of the business in whi…ch the insured is involved 3. The loss history of the insured 4. The State in which the insurer/insured is located. This is afactor because States regulate insurance, and part of the mainparts of that regulation is that of rates. Rates relate to premiumsin the sense that a rate is the cost assigned to a unit ofinsurance (for example, $X per $1,000 of coverage). States areconcerned that rates neither be excessive (so that insurers mightearn too much profit), not insufficient. The latter is importantbecause the regulator wants to ensure that the insurer chargesenough to make sure that sufficient money is collected to payexpected claims.
Some do but it would only cover fire damage for your property like your office. On some it is excluded. You would have to check on your binder
I am assuming you mean a tenant in a commercial building as opposed to a residential tenant (i.e. apartment dweller). A tenant in a commercial building will typical…ly be a business of some sort (eg. a Retailer located in a shopping Mall, or a manufacturer who rents a warehouse or plant, etc.). Whatever the case, it is important for a commercial tenant to be properly covered by a Commercial General Liability (CGL) policy which will provide protection against claims for Bodily Injury or Property damage caused through the negligent actions of the Tenant/Business. A prudent Landlord will require all of his/her tenants to carry CGL coverage and will seek to be added to the policy as an "Additional Insured". This will help protect the Landlord from lawsuits brought about by the negligence of his/her tenants. Hope this helps.
The insurer's general undertaking in most liability policies is to pay those sums that the insured becomes legally liable to pay as damages because of bodily injury or propert…y damage to which the insurance applies. The insurer also undertakes to defend the insured against any suit seeking those damages for bodily injury or property damage to which the insurance applies (which means that the insurer hires an attorney and pays related attorney's fees and court costs). These coverages are included under Coverage "A" of the Commercial General Liability policy (hereafter, CGL). Coverage "B" provides protection for personal and advertising injury (distinct from "personal injury"). Coverage "C" provides medical payments coverage for an injured person . There are many exclusions to the coverage provided in the standard CGL policy, which must be filled by endorsements or speciality policies in order for the insured to have truly comprehensive coverage.
NO Totally seperate policies, tenant legal liability can be added to bops, general liability can be found within a bop policy, but they are different coverages. Work… with your broker to understand what insurance coverages your company needs and why.
The commercial general liability policy provides coverage for liability not contents. If you only have the CGL then there is no contents coverage. Commercial policies are gene…rally put together by adding different policies as needed for particular coverages. There are many different commercial policies that you can combine to become your complete commercial insurance coverage. Discounts are given for combining the policies. Some of the commercial policies available are commercial general liability, commercial auto, commercial property, commercial boiler and machinery, commercial property floaters, and many more to customize the coverages needed.
There are too many factors to take into consideration before this question can be answered successfully. The first issue is the size of the company. Different sized companie…s will require different level insurance rates. Another issue is country. Insurance rates will be higher in some countries than in others, and some countries will not offer insurance at all.
All the major insurance companies offer general liability insurance for commercial workplaces. Some of these are Nationwide, Progressive and Allstate.