Commercial General Liability (CGL) Insurance is a foundational coverage that protects businesses from financial losses arising from claims of bodily injury, property damage, and personal and advertising injury. While it traditionally focuses on physical risks, its scope is expanding to address certain cyber-related liabilities under specific circumstances.
Commercial General Liability Insurance plays a vital role in mitigating financial risks associated with cyber-related liabilities, offering supplementary protection alongside specialized Cyber Liability Insurance. By understanding the extensions available and integrating them into your overall risk management approach, businesses can enhance their resilience to cyber threats and maintain continuity in an increasingly digital business environment.
While CGL policies typically exclude coverage for cyber risks, there are certain extensions or endorsements that can provide limited protection in specific scenarios:
- Third-Party Cyber Liability: Some CGL policies may include coverage for third-party liabilities arising from data breaches or privacy violations caused by your business’s negligence. This can include claims for privacy breaches, defamation, or intellectual property infringement related to your digital presence.
- Media Liability: CGL policies may also include coverage for media-related liabilities, such as defamation, libel, or slander arising from your advertising or published content. This can extend to digital platforms and online content.
- Personal and Advertising Injury: This coverage typically includes claims arising from offenses like libel, slander, defamation, or infringement of intellectual property rights in your advertising or communications.