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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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.
Written By: PolicyBazaar - Updated: 09 June 2023
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Policybazaar for Business - Comprehensive Liability Insurance - Customer Reviews
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4.3 April 09, 2023
Shubh
Competitive Premiums
The premiums offered by PolicyBazaar for the Comprehensive General Liability Insurance are competitive, considering the extensive coverage and top-notch customer service they provide.Truly recomend it.
Ludhiana
4.3 March 28, 2023
Prakhar
Worth Buying
PolicyBazaar worked closely with me to tailor the coverage to meet the specific needs of my business.Worth buying.
Dehradun
3.8 March 16, 2023
Veer
Wide Coverage
One of the most significant aspects of this insurance is its coverage. It provides extensive protection against a wide range of liabilities, including bodily injury, property damage, etc. Thanks for the policy PB
Lucknow
3.8 March 04, 2023
Akash
Peace Of Mind
I have been a satisfied customer of PolicyBazaar for several years now. It offers a comprehensive and reliable safety that has given me peace of mind and allowed me to focus on growing my business without constant worry about unforeseen events.Thankyou PB.
Bareilly
3.8 February 20, 2023
Ram
Claim Process Is Hassle Free
PolicyBazaar's claims process is efficient and hassle-free. In the unfortunate event of a claim, they handled everything swiftly and professionally, ensuring a smooth resolution without unnecessary delays. This reliability and promptness have further strengthened my trust in their services.Thankyou.
Delhi
4 February 20, 2023
Rohan
Great Customer Support
PolicyBazaar can help you get your Insurance as I am in the construction Industry and needed some guidance on risk concerns. I contacted PolicyBazaar Team, whO explaned to me the process to get the Insurance. Thank you PolicyBazaar.
Jamshedpur
3.8 February 16, 2023
Aditi
Damages Covered
I recently purchased CGL insurnace from PolicyBazaar. They helped me to cover my damages. Thankyou.
Jamshedpur
4 February 12, 2023
Neha
Helpful Team
We were looking to buy Comprehensive General Liability Insurance Plan that protects Third party property from any accidental damage at my workplace. So we landed on the PolicyBazaar website. It was well managed and described all the benfits in detaill... We contacted their Customer support and dcided to buy from them. Thanks, PolicyBazaar Team
Coimbatore
3.8 February 08, 2023
Veer
All In One Platform
It is an All in one platform which provided me unique perks, Low premium prices and a fast claim settlement process. Thankyou PB. Excellent platform.
Vadodara
4.3 February 04, 2023
Amar
Good Package
Got a really good coverage. Thanks, PolicyBazaar
Lucknow