Your organization pays a set amount (analogous to a premium) for each employee based, among other things, on family size, into a special account that is maintained either by you or by the Third Party Administrator (TPA) that administers your plan.
The term comprehensive general liability insurance refers to a type of business insurance that protects companies from liability claims related to their business activities. Comprehensive general liability is usually suitable for medium and large companies in the servicing, manufacturing and processing fields. Continue Reading.
General Liability is really a broad term that refers to a package. of coverages and coverage limits. These coverages and how they work are. often misunderstood. On the most basic level the Commercial General Liability (CGL) policy covers. against lawsuits alleging bodily injury, personal injury and property damage. due to negligence on the part of the insured. The insured is the entity. and/or person shown on the policy along with some other folks such as. employees, etc.