Types of Insurance Companies

The structure of an insurance company may affect how it does business. Insurance companies may take the form of regular stock companies, may be mutual insurance companies, or may be "captive" subsidiaries of companies that effectively are self-insured.

CGL Policy Exclusions

Comprehensive general liability (CGL) policies insure policyholders against losses from being found liable for personal injury or property damage suffered by another person or business.

The CGL Policy Exclusion for Contractual Liability

The comprehensive general liability policy insures the policyholder against liability for personal injuries or property damage to third parties caused by the acts of the policyholder. There are various exclusions from such coverage in the standard CGL policy, including the exclusion for contractual liability.

The War Exclusion to the CGL Policy

Standard comprehensive general liability policies insure businesses against liability for personal injury or property damage of third parties. The policies contain a number of exclusions from coverage. Insurance needs and risk planning regarding the eventualities described in the exclusions should take into account that standard CGL policies, though comprehensive, do not cover excluded events.

Partnerships Entitled to Life Insurance Proceeds

Generally, the legal entity of a partnership dissolves when one partner dies. However, partners may enter into an agreement during the life of the partnership to enable the surviving partners to continue with the business when one partner dies. A life insurance policy may be an appropriate means of accomplishing this purpose.