The purpose of Commercial General Liability or CGL is to protect business owners against claims of liability for any property damage, personal or body injury that occur on the premises of your business operations. It also covers bodily injury and property damage that is caused by your products or work that occurs away from your business premises.
One also comes across the term – Excess liability insurance or Umbrella liability insurance, that takes care of losses that exceed the limits of CGL policy. Here, the insured gets liability coverage for all those risks that are not covered in the basic commercial general liability. The prime aim of this insurance is to offer protection against any kind of financial loss or damage caused by your services, products, business operations and even your workers. For example, any injury to your customer who may slip or trip at your business premise will be covered.