commercial general liability policy

A comprehensive policy that covers most commercial risks, liabilities, and causes of loss.

• This type of policy covers both business losses and situations in which a business is liable to a third party for personal injury or property damage. First introduced in 1986, this policy has largely replaced comprehensive general-liability policies. — Abbr. CGL policy. Cf. comprehensive general-liability policy.

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词条贡献者

资深译员维皓，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与反垄断诉讼有关的法律文件。