Monday, September 25, 2017

What Are The Exclusions On A General Liability Policy?

Many people tend to think that a General liability is an all-inclusive policy but that is not the case.  There exist a lot of exclusions on the General liability policy where individual companies can have additional fees according to their standards.

liablilitySome of the exclusions on the General liability policy include an intended injury where you can purposefully do something and in such a case, your insurance provider cannot cover for it. Contractual liability is also not covered in the general liability and in case anything goes wrong when making contracts with other people, your provider will not cover for that.

If you own a restaurant and have a general liability policy, it is necessary to note that liquor liability is not covered. Workers compensation and any laws regarding employers are not covered by the general liability policy and therefore important to understand and make the necessary arrangements.

Pollution liability issues arising from water or aircraft oil is not covered under the policy. Mobile equipment, war damage to your personal properties or product is also not covered. In cases where you are a contractor, it is vital to understand that the general liability policy covers the complete work and not just the work you are doing in a particular moment. Other exclusions include product recall in cases of manufacturers, personal and advertising injuries.

It is important to talk to an insurance professional and get to understand what is covered and what is not covered under the General Liability policy as well as advise you on the measures to take.

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