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.

---

词条贡献者

双语律师William，国内知名法学院金融专业，擅长翻译各类与投资基金、投资顾问及金融衍生工具相关的法律文件。