Comprehensive General Liability Insurance for Manufacturing Industry

A comprehensive general liability policy is crucial for the manufacturing industry to protect against various risks. For instance, if a consumer or third party is harmed by a company's products, it can damage the company's reputation and result in financial losses. To manage these risks, it is essential for the manufacturing industry to have a comprehensive general liability policy.

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Liability from Product or Service

Property damage or Bodily Injury

Medical & Legal Costs Covered

Get ₹5 crores insurance cover starting at ₹25,000⁺

Liability from Product or Service

Property damage or Bodily Injury

Medical & Legal Costs Covered

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Comprehensive General Liability Insurance for Manufacturing Industry: Inclusions

The comprehensive general liability insurance for the manufacturing industry offers coverage for the following risks.

The comprehensive general liability policy offers coverage against any liability arising within the premises of a company or organization.

It indemnifies the insured or policyholder against any liability arising due to defect in the manufactured product.

The policy protects the policyholder for a bodily injury suffered by a third party due to operation of manufacturing work.

The insurance policy offers coverage against medical expenses incurred by a third party.

The policy offers coverage for the personal or reputational injury suffered by a third party due to advertisement of the product.

The trademark breaches are covered under comprehensive general liability policy.

Any legal suit instituted by a third party is covered under comprehensive general liability policy.

A case filed by an employee on the ground of segregation or discrimination is dealt under comprehensive general liability policy.

Comprehensive General Liability Insurance for Manufacturing Industry: Exclusions

The following risks are not covered under comprehensive general liability insurance for the manufacturing industry.

Intentionally causing harm to someone with the aim of seeking compensation is typically not covered by a comprehensive general liability policy.

A deliberate attempt made by the policyholder to cause harm is not covered under comprehensive general liability policy.

War-related damage to a third party on business premises is typically not covered by a comprehensive general liability policy.

Losses arising due to nuclear explosion is not covered under comprehensive general liability policy.

The comprehensive general liability policy does not cover any loss or injury or disease arising due to pollution.

Comprehensive General Liability Insurance for Manufacturing Industry: Add-ons

The policyholder may extend the coverage of Comprehensive general liability policy.

The policyholder may add the coverage against loss or damage arises due to pollution issue.

Any loss or damage caused due to act of God can be added in the existing comprehensive general liability policy.

The coverage for the reputation injury suffered by a third party can be covered under comprehensive general liability policy.

Comprehensive General Liability Insurance for Manufacturing Industry: Claiming Process

The policyholder may follow the below mentioned steps in order to file a coverage against comprehensive general liability policy.

Notify the Insurance Company

Gather Information

Provide Notice to Third Parties

Cooperate with the Insurance Company

Document the Claim

Investigation and Evaluation

Settlement or Litigation

Appeal or Legal Action

FAQs

Q: Is there any specific exclusion in CGL Insurance for the manufacturing industry?

Ans: CGL Insurance policies may have certain exclusions that vary depending on the insurer and policy. Some common exclusions could include pollution liability, professional errors or omissions, product recall expenses, and intentional acts.
Q: Are employees covered under CGL Insurance?

Ans: No, CGL Insurance typically does not cover employee injuries or work-related accidents. For employee-related risks, manufacturers are generally required to have Workers' Compensation Insurance.
Q: What does CGL Insurance typically cover in the manufacturing industry?

Ans: CGL Insurance policies typically cover bodily injury, property damage, and personal and advertising injury claims. This can include coverage for accidents that occur on manufacturing premises, injuries caused by products, and damage to third-party property. It may also cover claims related to defamation, libel, or copyright infringement.
Q: Why is CGL Insurance important for the manufacturing industry?

Ans: The manufacturing industry involves various risks. This includes accidents, product defects, property damage, and potential injuries to employees or third parties. CGL Insurance helps protect manufacturers from potential financial losses arising from these risks by covering legal defence costs and potential settlements or judgments.