Burr Alert: CGL Coverage and Your Project, by John Lassiter
August 18, 2010
Commercial General Liability Insurance: An Overview
CGL insurance policies are designed to protect businesses from certain types of losses during the normal course of the businesses’ operations. Because of the significant risk of financial damages from lawsuits, which often exceed the dollar value of the project itself, CGL insurance is used by general contractors and subcontractors, suppliers, and both private and public project owners. Many public owners, including the State of Mississippi, actually require contractors to have CGL coverage on their projects.
To read the complete client alert, please click the link below.
by: John M. Lassiter