Legal Definitions - comprehensive general-liability policy

A comprehensive general-liability policy is a type of insurance policy that provides broad coverage for a variety of risks, especially bodily injury and property damage for which a business entity is liable. This policy was first introduced in 1940 and has largely been replaced by the commercial general-liability policy.

Examples:

• Commercial General-Liability Policy: This policy covers most commercial risks, liabilities, and causes of loss, including situations where a business is liable to a third party for personal injury or property damage.
• Completed-Operations Policy: This policy is usually purchased by a building contractor to cover accidents arising out of a job or operation that the contractor has completed.
• Occurrence Policy: This policy indemnifies for any loss from an event that occurs within the policy period, regardless of when the claim is made.

These examples illustrate how a comprehensive general-liability policy can provide coverage for various risks and liabilities that a business may face.