Iso Cgl Insuring Agreement

Are you familiar with the ISO CGL Insuring Agreement? This insurance clause is a key component of commercial liability insurance policies, providing protection to businesses against third-party liability claims.

The ISO CGL Insuring Agreement is a standard provision created by the Insurance Services Office (ISO) to establish the scope of coverage provided by the commercial general liability (CGL) policy. The agreement outlines the obligations of the insurer to cover the costs of legal defense, settlements, and judgments against the policyholder arising from covered claims.

The CGL policy typically covers claims for bodily injury, property damage, and personal and advertising injury. The insuring agreement also specifies the policy limits, or the maximum amount of coverage provided by the policy for each type of claim.

One important aspect of the ISO CGL Insuring Agreement is the requirement that the claim must be covered under the policy in order for the insurer to provide coverage. This means that the claim must fall within the specific terms and conditions of the policy, and may be subject to exclusions or limitations.

To ensure that your business is adequately protected under the ISO CGL Insuring Agreement, it is important to carefully review the policy language and understand the specific scope of coverage provided. You may also want to consider purchasing additional liability coverage, such as excess or umbrella liability insurance, to extend your protection beyond the limits of the CGL policy.

Working with an experienced insurance broker can help you navigate the complexities of commercial liability insurance and ensure that your business is adequately protected against liability claims. By understanding the ISO CGL Insuring Agreement and other key policy provisions, you can be confident in your coverage and focus on growing your business with peace of mind.