A General Liability (GL) insurance policy, which is also referred to as a Commercial General Liability policy (CGL), is a very important insurance policy for youth and amateur sports teams, leagues, and companies.
General Liability protects your group against claims of negligence that result in bodily injury or property damage.
In the event of a claim or lawsuit alleging that your group’s negligence led to bodily injury or property damage, the General Liability insurance carrier will pay for legal fees and court costs to defend the lawsuit and any settlement or judgment amounts, up to the policy limits.
General Liability policies offered through eSportsInsurance include both Spectator Liability (injury to spectators and non-participants) and participant liability (injury to players, coaches, volunteers, and officials). When comparing GL policies from different insurance companies, it is important to note whether participant liability is included, as many claims are lodged directly by players and their parents.
General Liability policies have two main limits: the Per Occurrence Limit and the Aggregate Limit.
The Per Occurrence Limit is the limit for any one occurrence – any one incident that may happen. Our standard per occurrence limit is $1,000,000, meaning that for any one occurrence/incident, the most that the insurance company will pay is $1,000,000.
The Aggregate Limit is the most that the policy will pay out over the life of the policy (policy term). No matter the number of occurrences, the policy will never pay more than this total (aggregate limit). Our most popular aggregate limits are $2,000,000 and $3,000,000. If, for instance, a policy had a $3,000,000 aggregate limit, the policy could pay up to three separate $1,000,000 claims, or multiple smaller claims adding up to $3,000,000.