What is the standard coverage option for property damage in the Commercial General Liability (CGL) policy?

The standard coverage option for property damage in a Commercial General Liability (CGL) policy is property damage liability. This coverage is specifically designed to protect businesses from claims that arise due to accidental damage to someone else's property as a result of the insured's operations, products, or completed work.

Property damage liability is crucial for a business because it pays for legal costs and damages if the business is found to be responsible for accidental harm to a third party’s property. This includes physical damage as well as loss of use of that property, which can arise in various scenarios, from a contractor accidentally damaging a client's home to a business damaging property while conducting operations.

Other options listed serve different purposes. Medical payments provide coverage for medical expenses incurred by injuries sustained on the business premises, regardless of fault. Personal injury liability addresses claims related to non-physical harm, such as defamation or invasion of privacy. Employment practices liability covers claims related to employment issues such as wrongful termination or discrimination. Thus, property damage liability is the most relevant and standard coverage within the context of property damage issues.