What type of insurance does "commercial general liability (CGL)" refer to in the surplus lines sector?

Commercial general liability (CGL) is a comprehensive insurance policy that provides coverage for a wide range of liability claims that businesses may face. This includes bodily injury, property damage, personal injury, and advertising injury claims arising from the operations of the business, products, or premises. CGL is designed to protect businesses against the risks associated with their everyday operations and interactions with the public and other businesses.

The focus on a broad range of liabilities makes CGL essential for many businesses, especially those in the surplus lines sector where coverage for unique or higher-risk exposures may be necessary. This policy is fundamental in risk management for businesses and offers a level of assurance against claims that could significantly impact financial stability.

The other options mentioned do not capture the full scope of what a CGL policy entails. For instance, policies specifically addressing cyber liability or environmental risks have narrower focuses and are not encapsulated within the comprehensive nature of a CGL policy. Similarly, a policy that covers only property damage does not include the wide array of liabilities that a CGL addresses.