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Accordingly, a consequential damages waiver will exclude any damages, other than direct damages, even if they are reasonably foreseeable because such damages are one or two links down the causal chain.
The CGL Policy. A CGL insurance policy does not automatically exclude coverage for punitive damagesâalthough a punitive damages exclusion may be added by endorsement. Absent such an exclusion, the vast majority of courts that have ruled on the matter have found that the CGL does provide coverage for punitive damages awards.