What does GTPL mean in GENERAL

General Third-Party Liability (GTPL) insurance is a type of liability insurance that covers the insured party's legal obligations for bodily injury and property damage arising out of the use or ownership of an insured product, service, or premise.

GTPL covers third-party claims alleging bodily injury and property damage resulting from your products, services, or premises (such as a shop). The coverage also pays legal defense costs and court awards in the event that you are sued by a third party.

Insurance companies benefit from GTPL because it helps protect their customers from financial losses related to third-party lawsuits. Additionally, businesses also benefit from having this type of coverage in place as it helps protect them from potentially crippling financial strain if they were to ever face a large lawsuit due to negligence.

Yes; there are various types of coverage available under a general third-party liability policy including public liability insurance which covers injuries caused to members of the public; product liability insurance which covers damages caused by faulty products; and employers' liability insurance which protects employers against workplace accidents or illness claims made by employees.

You can purchase GTPL through your insurer or an independent broker who specializes in this type of coverage. It is important to compare policies offered by different insurers in order to get the best coverage at an affordable price.