Commercial general liability (“CGL”) policies are a norm in the UAE. A CGL policy usually provides comprehensive liability coverage by encompassing different liability coverage under the same head, such a property coverage, personal injury coverage, medical coverage etc. A CGL policy thus endeavors to cover the various liabilities arising from operations, premises, products of a business under one policy.
The broadheads covered under a commercial liability policy in the UAE includes:
Property Damage: A CGL policy will cover the instances wherein property damage is caused to another person or company on account of your business operations. The Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates (the “UAE civil code”) defines property as ‘an object or right that has a negotiable value’. A broader description is also provided for ‘property’ under Article 97 of the UAE civil code, which states that, ‘Anything that may be subject to physical or legal possession, maybe exploited lawfully and is not by nature or by law non-negotiable, can constitute the subject matter or proprietary rights. Pursuant to the UAE civil code, any person who damages or destroys the property of another is required to compensate the same, and pay an equivalent value (ref: Article 300).
Personal and Advertising Injury: A CGL policy will cover your business against claims arising for instances of slander, libel, malicious prosecution, wrongful eviction etc. Article 293 of...
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