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