commercial general liability policy (CGL)

A policy form introduced by the Insurance Services Office in 1986, and subsequently amended, to replace the comprehensive general liability policy. The two basic coverage forms available under the CGL are an occurrence form, and a claims-made form

Losses paid under coverages subject to aggregate limits reduce the amounts available for future losses. Aggregate limits may apply to a specific type of coverage, or they may apply to all losses under the policy. The commercial general liability coverage form contains both a general aggregate limit and a products and completed operations aggregate limit. The first is for all injury or damage during the policy period from the products and completed operations coverage, and the second is an aggregate limit applying to all other injury or damage during the policy period except for legal liability losses.