Financial Planning ToolkitCCH Financial Planning Toolkit
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Insurance and Risk Management
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Comprehensive General Liability

Comprehensive general liability coverage will protect you from payments required to be made for bodily injury or property damage to a third party, for medical expenses accruing to the underlying incident, for the cost of defending lawsuits including investigations and settlements, and for any bonds or judgments required during an appeal procedure.

This type of coverage comes with exclusions and limitations. The exclusions typically include war, and who knows what kind of terrorism clauses will materialize as a result of September 11. Limitations will be akin to those on your personal auto policy; for example $100,000 per person and $300,000 per accident.

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