Bajaj Allianz Commercial General Liability Insurance

Bajaj Allianz Commercial General Liability Insurance is designed to protect your business against third-party liabilities stemming from bodily injury or property damage. It covers legal costs, medical bills, and compensation costs if a mishap occurs on your property or during your business activities.

₹1 Crore cover starting at ₹4,720/year⁺

Safeguard your business against

claims of bodily injury

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Features of Bajaj Allianz Commercial General Liability Insurance

The following are the key features of Bajaj Allianz Commercial General Liability Insurance:

Comprehensive Coverage: The policy covers legal liabilities due to bodily injury, property damage, and personal or advertising injuries.

Customisable Plans: It offers flexibility to tailor coverage based on your specific business needs and risk exposures.

Legal Expense Coverage: It reimburses you for the legal expenses incurred for the covered claims.

Seamless Claim Process: Bajaj Allianz Commercial General Liability Insurance follows streamlined procedures to ensure quick, efficient, and transparent claim settlements.

24/7 Customer Assistance: It offers round-the-clock customer support to help you with your queries related to the policy.

Bajaj Allianz Commercial General Liability Insurance Inclusions

Bajaj Allianz CGL Insurance protects your business from a wide range of liability risks. It includes the following:

Third-Party Bodily Injury or Property Damage: It offers coverage for legal liabilities if a third party suffers physical injury or their property is damaged due to your business operations.

Personal and Advertising Injury: It protects against claims like libel, slander, invasion of privacy and copyright breach in ads.

Medical Bills: The policy pays for medical expenses incurred by third parties due to accidents on your business site.

Legal Defense Costs: It covers expenses incurred in defending covered claims, including lawyer and court fees.

Products and Completed Operations Liability: It covers claims if a defective product or service you provided causes harm or damage to a third party.

Tenant’s Legal Liability: It covers accidental damage caused to rented properties.

Disclaimer: This is not a full list of coverages. Please refer to your official policy documents for complete details on all inclusions.

Bajaj Allianz Commercial General Liability Insurance Exclusions

Although Bajaj Allianz Commercial General Liability Insurance offers extensive coverage, certain exclusions apply, including:

Intentional Acts: It does not cover claims resulting from fraudulent acts and intentional non-adherence to statutory requirements.

Contractual Liabilities: The policy excludes claims stemming from contractual obligations.

Employee Injuries: Employee injuries are typically covered under Workers' Compensation Policies. Bajaj Allianz Commercial General Liability Insurance does not cover them.

Pollution: Any claim related to environmental damage or pollution is also excluded from the policy.

Repair Costs: The policy does not cover the expenses related to repairing defective products.

Disclaimer: This is not an exhaustive list. Please check your official policy documents for complete details on all exclusions.

Bajaj Allianz Commercial General Liability Insurance Claim Process

You get hassle-free and efficient claim processing with Bajaj Allianz Commercial General Liability Insurance. Here’s the process:

Claim Intimation: Notify Bajaj Allianz about the incident immediately.

Appointment of Surveyor: They will appoint a surveyor to assess the reported loss or damage.

Loss Survey: The surveyor will conduct an on-site inspection to assess the extent and cause of the loss.

Submission of Required Documents: Submit all required documents related to the claim as asked by the insurer.

Final Report by Surveyor: The surveyor will then submit a detailed report based on their findings.

Claim Scrutiny: The Bajaj Allianz will review the report and the submitted documents for accuracy and eligibility.

Claim Settlement & Payment Release Once approved, the claim will be settled, and the payment will be released

Bajaj Allianz Commercial General Liability Insurance: FAQs

1. What types of businesses should consider Bajaj Allianz Commercial General Liability Insurance?

Ans: Any business that involves clients, customers, or the public should consider getting the CGL Insurance to ensure protection against possible third-party claims.
2. Can the policy be customised to specific business needs?

Ans: Yes, Bajaj Allianz offers customisable plans to align with the unique risk exposures of different businesses.
3. How quickly are claims settled?

Ans: Bajaj Allianz is committed to prompt claim settlements. However, the exact timeline depends on the complexity of the claim and the accuracy of documentation provided.
4. Are there any add-on covers available?

Ans: Yes, businesses can opt for additional covers such as product liability, pollution liability, and others, based on their specific needs
5. Which industry gets the best benefits from CGL insurance?

Ans: Although CGL insurance benefits all industries, the ones with more product exposure and public interaction, such as hospitality, retail, manufacturing, and construction, are particularly benefited because their extent of liability risks is on the higher side.