International Risk Management Institute (IRM) describes CGL as under:
A standard insurance policy issued to business organizations to protect them against liability claims for bodily injury (BI) and property damage (PD) arising out of premises, operations, products, and completed operations; and advertising and personal injury (PI) liability.
Broad contours are as follows:
Premises Liability: arising out of an organization’s premises (whether owned, rented, or occupied);
Operations Liability: arising out of an organization’s ongoing or current operations or work (in a plant, at a jobsite, etc);
Products Liability: arising out of products made, sold, or distributed by an organization which have been relinquished to the party who is alleging injury or damage;
Completed Operations Liability: arising from work (other than products) that an organization has finished and/or has been accepted or put to its intended use by a customer.
CGL policy includes two other hazards for harm done to others –
Personal & Advertising Injury: