US: Coverage that pertains, for the most part, to claims arising out of the insured’s liability for injuries or damage caused by ownership of property, manufacturing operations, contracting operations, sale or distribution of products, and the operation of machinery, as well as professional services.
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US: Insurance protecting commercial insureds from most liability exposures other than automobile and professional liability.
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MEDICAL,USA,REFERENCE: See: commercial general liability insurance (CGL) and commercial lines .
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REFERENCE See: Commercial general liability.
Insurance Encyclopedia
General liability insurance (Liability Insurance)
Insurance for business owners that covers against liability caused by various perils. Coverage usually includes bodily injury incurred on the insured’s property, or losses due to a product sold by the insured.
General Liability Insurance Policy
Insurance designed to protect business owners and operations from a wide variety of liability exposures. Exposures could include liability arising from accidents resulting from the insured’s premises or operations, products sold by the insured, operations competed by the insured, and contractual liability.
General manager
See: branch manager .
General Mortgage Bond
A written instrument representing an obligation secured by a mortgage but preceded by senior issues.
General note
When using the International Classification of Diseases, Ninth Revision, Clinical Modification (ICD-9-CM) code book, a note that is printed in italics or bold that helps clarify unique coding situations.
general office expenses (GOE)
Necessary costs for a managed care plan’s administrative activities and not claims administration costs.
General Operating Expenses
The expenses of an insurer other than commission and taxes.
General Order
Government contract warehouse for the storage of cargoes left unclaimed for ten working days after availability. Unclaimed cargoes are auctioned publicly after one year.
General partners’ liability coverage
A general partner’s management and fiduciary responsibilities to a limited partnership closely parallel the director’s or officer’s to a corporation. Exposure occurs when general partners become the financial managers of a limited partnership. The directors and officers of corporate general partners share this type of exposure.