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Comprehensive Personal Liability

Comprehensive Personal Liability

It’s a beautiful Saturday morning, and you’re out on the golf course with a few buddies. It’s all fun and games until you take a bad swing and your golf ball ends up conking a nearby golfer in the head, knocking him out cold. What are the chances?

The injured golfer’s attorney sends a letter requesting payment for medical bills and pain and suffering. Now what?

This is where the concept of Comprehensive Personal Liability comes in.

What is Comprehensive Personal Liability Insurance?

Comprehensive Personal Liability (CPL) insurance is coverage that protects an individual against claims for liability arising out of bodily injury or property damage claims related to personal activities.  There are three ways to get this coverage:

  1. It is packaged in with your homeowners, renters or dwelling insurance policy.  Most personal insurance policies include liability insurance coverage, which is also called comprehensive personal liability.
  2. The coverage can be purchased as a stand alone policy for individuals who do not own or rent physical property that needs to be covered separately.
  3. CPL can be added to an existing personal auto policy.

CPL coverage isn’t just limited to an insured premises. The coverage is usually worldwide, though you should check your policy to find out the coverage territory. The policy pays for bodily injury or property damage caused by an occurrence for which the coverage applies, subject to certain exclusions.

Who Should Purchase Comprehensive Personal Liability?

Accidents happen at home and away from home. A CPL policy provides both legal defense and indemnification of individuals, so every adult should have this coverage to protect themselves in the event of a claim.  This includes:

  1. College students living away from home.
  2. Those individuals living and/or studying abroad.
  3. Renters or homeowners.
  4. Owners of property that is leased or rented.
  5. Owners of property being held for sale or development.

It is important to note that commercial or business insurance policies do not cover personal liabilities of owners or officers. Comprehensive personal liability should be an essential part of any personal financial protection plan.

For a small amount of premium this coverage provides maximum benefits.  Coverage amounts start at $100,000 and can be written up to $1,000,000 or more. Add a personal umbrella policy for even higher limits of coverage.

Your Hayes Broker can help you determine which type of CPL policy is right for you. Give us a call.

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