Comprehensive General Liability (CGL) insurance provides coverage against all liability exposures of a business unless specifically excluded. This includes coverage for products, completed operations, premises and operations, elevators, and independent contractors.
A limited (special) partner in a limited partnership is a part owner whose liability is restricted to the amount they have invested and typically has limited involvement in the management of the business.
Umbrella Liability Insurance is excess liability coverage that provides additional protection beyond the limits of a basic business liability insurance policy such as the Owners, Landlords, and Tenants Liability Policy.
Unlimited liability refers to the legal obligation of a business owner or partners to pay all debts and liabilities incurred by the business, potentially using personal assets.
