What does CGL stand for in insurance terminology?

The term CGL in insurance terminology stands for Commercial General Liability. This type of insurance provides coverage for businesses against claims related to bodily injury, property damage, and personal or advertising injury that may occur in the course of business operations. It's an essential policy for businesses as it protects them from various risks that could lead to financial loss due to legal actions from customers, clients, or other third parties.

Commercial General Liability covers a broad range of incidents, making it vital for many organizations. It is distinct from products like comprehensive policies, which may cover broader risks but do not specifically address general liability issues faced by businesses. Understanding the proper terminology, such as recognizing CGL as Commercial General Liability, is crucial for navigating insurance policies, determining coverage needs, and ensuring adequate protection for business operations.